Uncoupling his party from big business is a daunting task.
Democrats often benefit from unilateral authority more than Republicans do.
From financial regulation to minority lending, Biden’s pick is poised to change course sharply from the policies of Secretary Steven Mnuchin.
The president-elect has chosen proponents of stronger regulation to begin reviewing financial agencies.
Under President Trump, agencies have eased bans on Wall Street risk-taking and loosened consumer protections and anti-discrimination laws.
As Biden works to win over progressive voters, he has empowered a Washington uber-veteran long trailed by allegations of personal and financial indiscretion.
The Dodd-Frank financial law succeeded at making banks safer, but empowered shadowy corners of finance that nearly wrecked the system in March.
A new analysis shows how companies have funded political efforts that undermine their public stances.
The case concerning the Consumer Financial Protection Bureau was part of a politically charged battle over presidential authority.