Federal Government Policy and Business

Admin will review Wall Street regulations in batches: report

The Hill: President Trump's administration will review the Dodd-Frank financial reform law in stages, according to a Monday Reuters report, and will likely miss the president's self-set June deadline.

Trump promised on the campaign trail to do a "big number" on the 2010 law that regulates Wall Street banks, which led to new consumer protections, higher capital requirements for banks, and limits to a bank’s ability to make hedge speculative bets.

The president said in February that Treasury Secretary Steven Mnuchin would review the law and report his findings within 120 days. That review, originally slated to be complete sometime in June, is likely to lead to large aspects of the law being cut.

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