Here’s what’s at stake as Trump moves to unravel Dodd-Frank

The following article by James Rufus Koren was posted on the L.A. Times website February 3, 2017:

The Dodd-Frank Wall Street Reform Act is named after former Democratic Sens. Christopher J. Dodd, left, and Barney Frank, shown in 2010. (Saul Loeb / AFP/Getty Images)

President Trump signed an executive order Friday that calls for his administration to review the landmark Dodd-Frank Wall Street Reform Act, with an eye toward revising or eliminating parts of the 2010 law.

An administration official told reporters that the law “in many respects was a piece of massive government overreach” and that some of the rules within the law, passed in the wake of last decade’s financial crisis, “may have even been unconstitutional.” Continue reading “Here’s what’s at stake as Trump moves to unravel Dodd-Frank”