BREAKING: New Trump orders target Obama-era financial regulations

"President Donald Trump signed two presidential memoranda aimed at scaling back or repealing finance regulations put in place by the Obama administration – the 2010 Dodd-Frank law, and the 2017 fiduciary rule that has not yet gone into effect.

Trump has instructed the Treasury department to consult with federal regulatory agencies and the Financial Stability Oversight Council, and report back to the White House on potential changes that could be made to Dodd-Frank, a landmark legislation enacted by the Obama administration in 2010.

“The first thing that we are going to attack is regulation, over-regulation. It's not just in the financial markets, it's in all markets," Gary Cohn, director of the White House National Economic Council and former CEO of Goldman Sachs, told Fox Business. "So today you're going to start seeing the beginning of some of our executive actions to roll back regulation in the financial services market."

Dodd-Frank “is not doing what it set out to do,” White House spokesman Sean Spicer told reporters on Friday."

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Last Edited by COSMIC WARRIOR on 02/03/2017 01:27 PM