Today is the first full day of trading after President Trump directed the U.S. Treasury to review the 2010 financial reform bill known as Dodd-Frank, and big banks like J.P. Morgan Chase & Co. and Citigroup Inc. are up.
On Friday Trump called Dodd-Frank “a disaster” and vowed to cut “a lot” of the regulations put in place after the 2008 financial crisis. One of those was a pending rule expanding something known as the “fiduciary standard,” which required retirement advisers to put the interests of their clients first.
Here & Now‘s Jeremy Hobson takes a look at Trump’s assault on financial regulations with CBS News’s Jill Schlesinger (@jillonmoney), host of “Jill on Money” and the podcast “Better Off.”
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