schiffgold.com / BY SCHIFFGOLD / FEBRUARY 10, 2017
Trump’s third week in office brings us a look into rolling back financial regulation reforms, the power of the @POTUS’s tweets, and the new Department of Education director.
New Executive Order Likely to Target Dodd-Frank
This week, Trump signed an executive order calling for a review of financial regulations. Many Democrats are concerned the audit will target the Dodd-Frank regulations enacted to protect consumers after the 2008 meltdown. Although Trump’s request didn’t specifically mention the regulatory law, he has expressed his frustration with it in the past.
Trump has stated he’s witnessed the negative effects of Dodd-Frank firsthand: “I have so many people, friends of mine that had nice businesses, they can’t borrow money. They just can’t get any money because the banks just won’t let them borrow it because of the rules and regulations in Dodd-Frank.”
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