Community banks get the best deals.

President Donald Trump just took another step in his 15-month push to ease regulation of banks, this time putting his signature on the most far-reaching measure yet to loosen rules prompted by the global financial crisis.

Trump signed into law on Thursday a bill that provides community and regional banks with relief, exempting them from significant oversight. Last year, he pledged to “do a big number” on the 2010 Dodd-Frank Act, the bedrock law enacted to prevent a future financial meltdown. Yet the latest move is relatively restrained, leaving most of the act intact.

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