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Undoing Dodd-Frank Won't Be Easy

Trumps order for study starts a long and complicated process.

By Robert Schmidt, Jesse Hamilton and Elizabeth Dexheimer, Bloomberg | Updated on February 06, 2017

It has taken seven years to put in place the regulatory strictures imposed on Wall Street after the financial crisis. They won’t be removed fast or easily.

President Donald Trump’s directive Friday that set in motion a scaling back of the Dodd-Frank Act was more pageantry than policy, said lawyers and former government officials who worked on the 2010 law. While the expectation for quick action sent bank stocks higher Friday, numerous roadblocks remain before lenders get relief.

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