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President Donald Trump just took another step in his 15-monthpush to ease regulation of banks, this time putting his signatureon the most far-reaching measure yet to loosen rulesprompted by the global financial crisis.
Trump signed into law on Thursday a bill that provides communityand regional banks with relief, exempting them from significantoversight. Last year, he pledged to “do a big number” on the 2010Dodd-Frank Act, the bedrock law enacted to prevent a futurefinancial meltdown. Yet the latest move is relatively restrained,leaving most of the act intact.
And much is still afoot beyond Dodd-Frank: Some U.S. rules havebeen delayed and others enforced with less vigor, while regulatorsslowly move to implement more deregulatory recommendations made ina series of Treasury reports. Here's a summary of what's happenedso far, or may happen in the weeks, months and years ahead.
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