Trump Administration says financial watchdog agency should be defanged

 

Source: Alan Rappeport and Matthew Goldstein - N.Y. Times ( Paid Registration )

The Trump administration called for the neutering of many of the central provisions of the Dodd-Frank Act as it offered its most detailed plans to date for the unraveling of the financial regulations put in place after the 2008 financial crisis. In a report released late Monday, the Treasury Department said the Consumer Financial Protection Bureau should be substantially stripped of its powers, accusing the agency of regulatory overreach and saying the president should be able to remove its director.

Read Full Article: Trump Administration says financial watchdog agency should be defanged

 

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