Despite Trump’s claims, bank regulation hasn’t slowed lending

By John W. Schoen | CNBC

President Donald Trump on Tuesday repeated his campaign pledge to undertake a major overhaul of bank regulations, arguing that lending restrictions are hampering job growth.

Tighter lending conditions often throw cold water on job growth. A closer look at the data, however, shows that neither of those things is happening in the U.S.

Related: Trump: We’re going to do a very major haircut on Dodd-Frank

Trump made his remarks following a White House meeting with a group of business executives, noting that his administration is working on giving a “major haircut” to the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.

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