Reuters: Trump to Release Plan for Dismantling Dodd-Frank
May 18, 2016
NEW YORK — Republican Presidential candidate Donald Trump told Reuters he would release a plan in about two weeks for overhauling the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.
When pressed on the extent of the changes he would propose, Trump told the media outlet it would “be close to dismantling Dodd-Frank.”
Signed into law in July 2010, the Dodd-Frank Act was designed to prevent excessive risk-taking that led to the 2007-2009 financial crises. The law also created the Consumer Financial Protection Bureau to supervise banks, credit unions and other financial companies, as well as enforce federal consumer financial protection laws.
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