2-for-1 Regulation Rollback

“What does Trump’s 2-for-1 reg rollback mean for financial institutions?” asked American Banker on Jan. 30. “Although Trump prefaced the order by calling the Dodd-Frank Act a ‘disaster’ and pledging ‘to be doing a big number’ on the law, it does not appear to immediately impact the banking and credit union regulators. A White House spokesperson reportedly clarified that Monday’s order would not apply to independent agencies, and the way it was written would directly capture only those agencies that report to the Office of Management and Budget, which does not include the financial institution regulators.”

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