- Trump signed a decree to relax the banking regulations.
- The law, named Dodd-Frank, had signed Obama 2010, it also writes financial institutions a higher equity ratio to prevent their over-indebtedness.
Especially a law named Dodd-Frank was hated by the Republicans and their donors from Wall Street. Barack Obama had the law in 2010 signed. It mainly regulates risky investment banking. This division is considered mainly responsible for the global financial crisis . On this Friday, Trump has signed a decree aimed at the revision of the law.