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With Stroke of a Pen Donald Trump Will Wave Goodbye to the Dodd Frank Act

Board of Directors - Friday, February 03, 2017

With Stroke of a Pen Donald Trump Will Wave Goodbye to the Dodd Frank Act

By Antoine Gara, Forbes | February 3, 2017

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. President 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.

On Friday afternoon he signed an executive order, which he said would dramatically scale back the Dodd Frank Act…

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