President Donald Trump wants to be a part of this legislation, the Dodd-Frank rules, rollback by means of a presidential decree.
During his election campaign promised to Trump all of a part of the more stringent bankenregels want to get rid. Which parts of Dodd-Frank, which is over 2000 pages counts, right on the slope, is not yet known. The Dodd-Frank act contains, among other things, stricter rules for consumer protection, the provision of mortgages and a restriction how many banks for their own account to speculate on financial markets.
According to Gary Cohn, one of the main economic advisers of Trump, the rules of Dodd-Frank so spacious that they make things difficult for banks to lend money and is the choice of consumers for financial products to be limited.
Click here for the entire article on the easing of the bankenregels in the US.
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