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Trump to take steps rolling back financial regulations
CNN: President Donald Trump will begin work Friday dismantling the financial regulations enacted after the 2008 economic crisis, hours after the first major economic report of his administration is released.
Trump's executive moves won't have an immediate effect on Wall Street oversight. But they're likely to draw sharp criticism from Democrats and reform proponents who say the regulations that the President is looking to scrap could prevent another meltdown.
In two executive actions, Trump plans to direct his administration to evaluate regulatory action taken by his predecessor, Barack Obama, with an eye toward eliminating what his advisers say are burdensome rules on financial services firms and consumers.
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