President Trump thinks the country is "a mess." But the economic data shows that the health of the U.S. job market is better than it's been in decades.
Since the banking law took effect in July 2010, lending to businesses and consumers has continued to hit new highs, data shows.
Trump pledged during his campaign to replace the Dodd-Frank law introduced under the Obama administration which raised capital requirements for banks, restricted their trading by means of the "Volcker Rule," and also created the Consumer Financial Protection Bureau. The U.S. Chamber of Commerce and other trade groups are seeking to have the fiduciary rule...
President Trump on Friday will take two financial-related actions, including one concerning Dodd-Frank, according to a senior White House official.
Rising interest rates are only part of the problem for the stock market and the economy going forward, says Michael Pento.
Gareth Old, partner at Clifford Chance, says that the Volcker Rule has become extremely complicated.
WASHINGTON, Jan 23- Dialing back the Volcker Rule that limits banks' ability to engage in speculative investments is a top priority for President Donald Trump's nominee for U.S. In written responses to questions posed by members of the U.S. Senate Finance Committee, Mnuchin said he would use his role as head of the interagency Financial Stability Oversight...