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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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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Fixing housing could bring $300 billion back to US economy, new data show

Fixing housing could bring $300 billion back to US economy, new data show

Feeble U.S. economic growth since the Great Recession is due almost entirely to a plunge in homeownership to more-than-50-year lows, according to new data released Monday.

A return to more normal homeownership levels could have added more than $300 billion, or an additional 1.8 percent in growth, to the economy last year, a Rosen Consulting Group study found.

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Dodd-Frank reform may be put on back burner

Dodd-Frank reform may be put on back burner

President Trump did not mention it in his speech Tuesday, and a replacement bill is not getting the support it needs to make it through Congress

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 looked like a goner when President Donald J. Trump was elected in November. During the campaign, Trump repeatedly blasted the law as a loan-killing, anti-job disaster.

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With A Stroke Of The Pen, Donald Trump Will Wave Goodbye To The Dodd Frank Act

With A Stroke Of The Pen, Donald Trump Will Wave Goodbye To The Dodd Frank Act

When taking the White House, President Donald Trump vowed to do a "big number on Dodd Frank," the sweeping banking legislation put in place by the administration of President Barack Obama in response to the 2008 financial crisis. Trump called Dodd Frank "a disaster" that has impeded growth by making it harder for banks to lend to consumers and small businesses. Still in his second week in office, Trump is making good on his statement.

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