| The IMF and World Bank will hold press briefings on the organizations’ outlooks for the global economy, financial stability and the G-24 starting at 9 a.m. … SEC Chair Gary Gensler and CFTC Chair Rostin Behnam will speak at Bloomberg’s Global Regulatory Forum, which starts at 9 a.m. … The Georgetown University Law Center's Institute of International Economic Law’s Fintech Week conference begins at 9 a.m. with remarks from Acting Comptroller of the Currency Michael Hsu, followed by Rep. French Hill (R-Ark.) and FDIC Vice Chair Travis Hill … Consumer Financial Protection Bureau Director Rohit Chopra will speak at the eighth annual Philadelphia Fed Fintech Conference at 10:20 a.m. … Incoming — Well, I guess we know what Chopra will be talking about at the Philadelphia Fed. The CFPB this morning released new rules that address how financial institutions handle customer information, a huge development that will affect how banks and fintechs access data, Katy O’Donnell reports. The rule requires businesses to heed customer requests to share information with their competitors. It will also force banks to make personal financial data more freely available to consumers. “With more digital technologies at our disposal, we must ensure that this does not result in greater consolidation, rather than openness and decentralization,” according to Chopra’s prepared remarks. “For the U.S. to ensure that our financial system is advancing opportunities for households, businesses, and the economy, our policies and regulations must create more power for individuals to avoid being captive and instead exercise their liberty to do business with someone new.” Dis-Barred? — Donald Trump may try to demote Federal Reserve Vice Chair for Supervision Michael Barr if he wins a second term in November, WaPo’s Andrew Ackerman reports. The legality of the maneuver is questionable, but it might be easier than firing Chair Jerome Powell — a frequent subject of Trump’s ire. The former president has said he would like to have more say in how the Fed sets interest rates. Still, it still might be a “tall order” even if Republicans retake the Senate, per Ackerman. The Billionaire’s Club — Trump’s fundraising operation is increasingly reliant on contributions from billionaires like Elon Musk and Miriam Adelson, according to Bloomberg’s Bill Allison. Trump had previously generated the bulk of his campaign cash through small-dollar donors giving $200 or less. Now, “the former president’s political operation has raised nearly twice as much money — $514.7 million — from donors giving $1 million or more to super political action committees, compared to the $260 million his campaign has raised from small-dollar donors,” per Allison. Agenda setter — Eleanor Mueller reports that California Democratic Rep. Jimmy Gomez will introduce a bill today that would create new tax credits for first-time homebuyers, addressing a major component of Vice President Kamala Harris’ economic agenda. "We started having these discussions on this kind of tax incentive program more than a year ago," Gomez said. "So when [Harris] announced it ... I was like, 'OK, this is exactly what we're thinking about,' and it just aligns perfectly with what we're trying to do." Tune in – POLITICO financial services editor Zach Warmbrodt will interview Harris campaign economics adviser Gene Sperling on Thursday at 8 a.m. at the Institute of International Finance annual membership meeting in Washington.
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