Trump Takes Aim at Dodd-Frank Financial Overhaul

February 3, 2017 Updated: February 6, 2017
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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.

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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.