#AceFinanceNews – Feb.05: President Donald Trump signed an executive order Friday scaling back the sweeping 2010 Dodd-Frank financial regulatory framework enacted under his predecessor as a direct response to the financial crisis NBC News reports on Friday …
In taking aim at Dodd-Frank, the new administration is targeting a broad range of financial reforms, from bank rules about speculating with customer funds to consumer protections from predatory debt collection practices and forced arbitration.
On Monday, Trump called Dodd-Frank a ‘disaster ‘ and pledged to soon ‘do a big number‘ on the law aimed at reforming the way Wall Street does business.
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