Trump’s Architect of Wall Street Deregulation to Leave Treasury

May 16, 2019, 8:25 PM

A top aide to Treasury Secretary Steven Mnuchin who led the Trump administration’s push to cut regulations for Wall Street is quitting, according to people familiar with the matter

Craig Phillips will leave the agency next month, said the people, who asked not to be named because his departure hasn’t been announced publicly. As a counselor to Mnuchin, he took the lead on several domestic financial policy initiatives, including the rule rollback and developing plans for freeing mortgage giants Fannie Mae and Freddie Mac from federal control.

A Treasury spokesman declined to comment.

Under Phillips’s watch the Treasury issued a ...

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