Small businesses and community banks are hoping so.
President Trump has promised to take action to eliminate the regulations that have put many community banks out of business and caused hundreds of thousands of small businesses to close their doors.
Just a few weeks into his Presidency, he is actually doing something about it. That’s encouraging.
Not everyone agrees, but reversal of Dodd-Frank would be helpful to small banks and small businesses.
In this press briefing (during the first two minutes) the President’s Press Secretary addresses what appears to be the beginning of the end for at least part of the Dodd-Frank regulations.
We will have to wait to find out just how far and how fast the regulations are dismantled. One thing is certain. They have been effective in costing millions of seniors and investors their life savings. They have also had a devastating effect on the American economy as a whole.
I’m hopeful that these early moves are just the beginning of the end of Dodd-Frank.
So are small bankers and family businesses.
More information on Dodd-Frank:
Democrats Killing Small Business
***Gordon Howie is an author and CEO of Life and Liberty Media***
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