Donald Trump’s transition team: We will ‘dismantle’ Dodd-Frank

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Donald Trump campaigned on his ability to create jobs and economic success.

By Ryan Tracy | The Wall Street Journal

President-elect Donald Trump’s transition team promised to dismantle the 2010 Dodd-Frank law, declaring that the coming administration will seek to remake the way the U.S. oversees the financial sector.

Tuesday’s Republican sweep, and Mr. Trump’s commitment to focus on the issue, has the GOP salivating over a wish list of Dodd-Frank changes that until recently stood little chance of avoiding President Barack Obama’s veto pen. The lineup includes everything from regulatory exemptions for community banks and regional banks to a new regime for insurers and asset managers to curbs on the federal government’s influence over consumer-finance products such as mortgages and payday loans.

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