Trump called Dodd Frank "a disaster" that has impeded growth by making it harder for banks to lend to consumers and small businesses. On Friday, the Trump administration will sign an executive order to dramatically scale back Dodd Frank. The Act, signed into law in 2010, re-shaped Wall Street and the American banking industry. Trump's Main Street Financial OverhaulChange to Dodd Frank won't just impact the highest rungs of finance. Even in the wake of a severe crisis that germinated from Wall Street, it took years of battle to sign Dodd Frank into law.

Source: Forbes February 03, 2017 12:46 UTC