The anti-regulatory environment that Trump promised just got a big boost

The anti-regulatory environment that Trump promised just got a big boost
  • President Donald Trump promised a less restrictive regulatory environment, particularly in banking.
  • Three recent developments — leadership changes at the Comptroller of the Currency Office and the Consumer Financial Protection Bureau, as well as approved changes to the Dodd-Frank reforms — move that agenda forward.
  • The Dodd-Frank tweaks "might send a powerful political message to the Fed," according to analysts at Keefe, Bruyette & Woods.
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Trump rollback of banking regulation well underway

Trump rollback of banking regulation well underway

President Donald Trump's promised rollback of banking regulation is well underway, with vacancies at the top of key agencies and new legislation in the works.

Since the start of his presidency, Trump has decried the financial rules and regulations put in place to combat the excesses that led to the financial crisis through the Dodd-Frank Wall Street reform legislation of 2010.

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Why are small banks disappearing?

Why are small banks disappearing?

In 1994, nearly 500 banks were headquartered in California. Today, there are fewer than 180. By the end of the year, if current trends hold, Californians will have only one-third the number of banks to choose from for their mortgage, small business and personal savings needs than they did just a couple of decades ago.

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The Financial Choice Act Will Roll Back Wall Street Regulations - And That's A Good Thing

The Financial Choice Act Will Roll Back Wall Street Regulations - And That's A Good Thing

Earlier this month, the House Financial Services Committee held hearings on the Financial Choice Act, a 500+ page bill introduced by U.S. Representative Jeb Hensarling (TX-5). The Texas Congressman chairs the House Financial Services Committee, is a proponent of the free markets and has a stronghold over the future of the U.S. financial system.

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How Dodd-Frank helped the wealthy and left the middle class behind

How Dodd-Frank helped the wealthy and left the middle class behind

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was approved in the aftermath of salient abuses against consumers, and in times of pressure from public opinion and the media. This pressure might have reduced the ability of Congress to foresee all the possible consequences of the new legislation.

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Hensarling to Propose Dodd-Frank Replacement in Coming Weeks

Hensarling to Propose Dodd-Frank Replacement in Coming Weeks
  • He will work with Trump to scrap 2010 law, spokeswoman says

  • Texas congressman outlined proposal in memo to lawmakers

Bloomberg - Elizabeth Dexheimer - 12 April 2017

House Financial Services Committee Chairman Jeb Hensarling plans to release his revised proposal to scrap much of the Dodd-Frank Act by the end of the month.

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