Advisers to U.S. President Donald Trump are reportedly exploring plans to consolidate banking regulators, specifically considering merging the Federal Deposit Insurance Corporation (FDIC) into the Treasury Department and combining its functions with the Office of the Comptroller of the Currency (OCC). This potential restructuring is being discussed without Congressional input, raising questions about the administration's authority to implement such changes unilaterally. The discussions indicate a desire for at least a de facto consolidation of regulatory powers, even if the agencies remain legally separate. Key Democrats have expressed concerns regarding the implications of these discussions, particularly following recent turmoil within the banking regulatory framework.