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The people in Donald Trump’s orbit are floating some dramatic ideas that would remake the way banks are regulated. There are lots of questions about whether any of the ideas will come to pass.
(Reuters) -U.S. bank stocks were unfazed on Friday after a report that President-elect Donald Trump's team had floated the idea of shrinking or eliminating a top banking regulator, with analysts ...
Trump advisers and potential nominees have also discussed plans to either combine or otherwise restructure the main federal bank regulators: the FDIC, OCC and the Federal Reserve, the WSJ report ...
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]
A major ruling to revoke his business licences finds the former president massively overvalued assets as his empire expanded
Operation Choke Point was an initiative of the United States Department of Justice beginning in 2013 [1] which investigated banks in the United States and the business they did with firearm dealers, payday lenders, and other companies that, while operating legally, were said to be at a high risk for fraud and money laundering.
If Republican former President Donald Trump wins the U.S. election on Nov. 5 he is expected to swiftly overhaul the country's financial regulators, which under Democratic President Joe Biden have ...
After the election, Trump and Musk announced the Department of Government Efficiency, intended to eliminate wasteful spending. [4] Several high-profile members of what Politico and Vox call the "tech right", including Musk and Marc Andreessen, have expressed desires to restructure the federal civil service to better support Trump's agenda. [5] [4]