Trump signs executive order to review Dodd-Frank Act
Economic Policy -- February 03, 2017
The president signed an executive order Friday that will direct the Treasury secretary to review the 2010 Dodd-Frank financial oversight law, which reshaped financial regulation after the 2008-09 financial crisis. While Mr. Trump’s signed order won’t have any immediate impact, it directs the Treasury secretary to consult with members of different regulatory agencies and the Financial Stability Oversight Council and report back on potential changes. That likely includes a review of the Consumer Financial Protection Bureau (CFPB), which vastly expanded regulators’ ability to police consumer products - from mortgages to credit cards to student loans.
(Source: CBS News)
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