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Trump’s Roll Back on Dodd-Frank Could Cripple Black Businesses and Borrowers

Donald Trump issued an Executive Order aimed at reducing several requirements in Dodd-Frank. President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, a far-reaching law enacted after the 2008 financial crisis aimed preventing future economic meltdowns. The act launched a sweeping overhaul of the U.S. financial regulatory system, bolstering oversight on executive compensation and restricting U.S. banks from making certain kinds of investments.

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