President Donald Trump has signed an executive order that will direct the Treasury secretary to review the 2010 Dodd-Frank financial overhaul.
It’s Trump’s first step at scaling back regulations on financial services.
Trump has called the law a “disaster” and said it failed to address some of the causes of the 2008-2009 financial crisis.
The president has also signed a presidential memorandum related to retirement planning. The administration’s move will delay implementing an Obama-era rule that requires financial professionals who charge commissions to put their clients’ best interests first when giving advice on retirement investments.