The changes that legislation wants is to abolish the Dodd-Frank established in 2010 by the Obama Administration. The House vote comes before a Treasury Department report due in the coming days that will detail the Trump administration plans for easing financial regulations (Rappeport, 2017). Can the right balance be made regarding the Dodd-Frank Act? It difficult to determine what should happen with this act. When the house and legislation are wanting to erase financial regulations. This could affect our financial institution if the regulations are erased. This puts jobs and business in jeopardy. There should be act focus on the consumers who provide business for the financial
The changes that legislation wants is to abolish the Dodd-Frank established in 2010 by the Obama Administration. The House vote comes before a Treasury Department report due in the coming days that will detail the Trump administration plans for easing financial regulations (Rappeport, 2017). Can the right balance be made regarding the Dodd-Frank Act? It difficult to determine what should happen with this act. When the house and legislation are wanting to erase financial regulations. This could affect our financial institution if the regulations are erased. This puts jobs and business in jeopardy. There should be act focus on the consumers who provide business for the financial