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Trump claimed during the campaign that the Act "made it impossible for bankers to function", and that the regulations installed by the act "[make it] very hard for bankers to loan money for people to create jobs, for people with businesses to create jobs." [19] Days after the election, Trump's transition team pledged to "dismantle" Dodd-Frank. [20]
In the wake of the 2023 banking crisis, some banking experts said that Silicon Valley Bank and Signature Bank would have managed its risks better had Dodd-Frank "not been rolled back under President Trump," however other experts have disputed this assertion as Silicon Valley Bank was still required to undergo periodic stress testing under the Act.
The Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as Dodd-Frank, was passed in 2010 in the wake of the 2008 financial crisis. The Obama-era law aimed to prevent another ...
The Dodd–Frank Wall Street Reform and Consumer Protection Act, commonly referred to as Dodd–Frank, is a United States federal law that was enacted on July 21, 2010. [1] The law overhauled financial regulation in the aftermath of the Great Recession , and it made changes affecting all federal financial regulatory agencies and almost every ...
President Trump signed an executive order Friday laying out his “core principles” on financial regulation in what is likely a first step toward pruning portions of the Dodd-Frank reform law ...
The powerful financial watchdog agency is in for a reckoning during a second Trump administration, which will likely take steps to curb its power and regulatory agenda. ... Dodd-Frank sought to ...
[429] Trump wants to get "banks to lend money more aggressively" [430] and wants to make changes to the Dodd–Frank Wall Street Reform and Consumer Protection Act (2010) [431] which was enacted in response to the Great Recession, bringing significant changes to U. S. financial regulation. [432] We expect to be cutting a lot out of Dodd-Frank ...
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