White House banks on savings from Dodd-Frank rollback

Source: Sylvan Lane, The Hill

President Trump’s first formal budget plan reflects his promise to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act with a pledge to foster “economic growth and vibrant financial markets” by scrapping its “regulatory excesses.” The budget doesn’t specify which specific parts of the law would be rolled back to generate savings and boost the economy. Some of the promised $35 billion could come through defunding the Consumer Financial Protection Bureau (CFPB), an agency established by Dodd-Frank to crack down on predatory lending and fraud.

Read Full Article: White House banks on savings from Dodd-Frank rollback

 

Tags/Keywords


 
 

Quick Menu

Support Consumer Action

Support Consumer

Join Our Email List

Optional Member Code
Facebook FTwitter T

Housing Menu

Help Desk

Advocacy