Donald Trump to Give Laws a Haircut
April 5 , 2017
As per reports, the US President Donald Trump vowed to sweep reforms to the US banking regulations which were introduced post-financial crisis.
Referring to consumer protection rules enacted by Barack Obama in 2010, Trump said that he is going to do a major haircut on Dodd-Frank.
Dodd-Frank tried to prevent banks from taking too much risk and to separate their investment as well as commercial arms. However, Trump said he wants a very strong change in order to help the banking sector.