Trump to roll back Dodd-Frank regulations in executive action

Former President Obama signs the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010.
(Image credit: Win McNamee/Getty Images)

President Donald Trump is expected to sign executive action Friday that rolls back the 2010 Dodd-Frank regulatory law, first put in place after the financial crisis.

"Americans are going to have better choices and Americans are going to have better products because we're not going to burden the banks with literally hundreds of billions of dollars of regulatory costs every year," White House National Economic Council Director Gary Cohn told The Wall Street Journal. "The banks are going to be able to price product more efficiently and more effectively to consumers."

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Jeva Lange

Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.