Repealing Dodd-Frank Would Get Investors $100 Billion
Photo of Robert Donachie
Robert Donachie
Finance Reporter
10:07 AM 02/06/2017
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Investors in the six largest banks in the U.S. potentially stand to gain $100 billion in returned capital through dividends and share buybacks if President Donald Trump successfully loosens regulations on the banking industry.
Trump signed executive orders Friday that began the process of rolling back two major Wall Street regulations: the Dodd-Frank Wall Street Reform and Consumer Protection Act, and the Department of Labor’s retirement advice rule, also known as the “fiduciary rule.”
The president said the goal was “cutting out” a lot of the regulatory burdens placed on the financial sector following 2007’s housing crisis. (RELATED: Trump Signs Executive Orders To Rip Up Dodd-Frank ‘Disaster’)
Read more:
http://dailycaller.com/2017/02/06/repealing-dodd-frank-would-get-investors-100-billion/#ixzz4XvCDWX6a
