Craig Phillips, the driving force behind the Trump administration’s effort to revamp Wall Street oversight, is leaving the Treasury Department to go back to the private sector, according to people familiar with the matter. Mr. Phillips told Treasury staff of his plans on Thursday. He is the latest of Treasury Secretary Steven Mnuchin’s top deputies to depart. Mr. Phillips’s exit throws a cloud over the administration’s plans to overhaul the way many Americans finance home purchases.

Source: Wall Street Journal May 16, 2019 18:56 UTC