How the 2016 Elections Will Impact Banking | ABA Banking Journal


Based on the Trump campaign’s positions shared during the campaign, the new administration’s views on banking could include:

  • Take power away from the Federal Reserve and allow Congress to audit its decision-making
  • Repeal or greatly alter the Dodd-Frank Act
  • Abolish the CFPB
  • End “too big to fail” and eliminate bailouts
  • Temporarily freeze all agency rules

While not directly citing proposals on regulatory relief for smaller institutions, Trump has mentioned that small banks are being harmed.

Source: How the 2016 Elections Will Impact Banking | ABA Banking Journal

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