On February 3 President Trump issued an executive order directing the Treasury Department to conduct a sweeping review of financial regulation, including Dodd-Frank, the financial reform bill passed, in 2010, as part of the Obama administration’s response to the 2008 financial crisis and subsequent recession.
“We expect to be cutting a lot of Dodd-Frank,” the president said, “because, frankly, I have so many people, friends of mine that had nice businesses, they can’t borrow money.”
