President Trump has Dismantled the Dodd-Frank Act lifting tight laws on financial institutions .
A decade after the international economic meltdown knocked the United States into a monetary breakdown , Congress approved Tuesday to free thousands of small and medium-sized mortgage companies from tough rules which had been passed included in the 2010 Dodd-Frank law to prevent another meltdown .
S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act
In a letter of support written by ATR’s President, Grover Norquist wrote:
“ S. 2155 provides much needed relief to community and regional financial institutions while jumpstarting small businesses and hopeful homeowners access to capital. While there is still more work to be done, it is a positive step in the right direction, and we are encouraged by the Senate to continue to work and reform Dodd-Frank.”
What does this mean for credit card processing fees levied by banks on American business owners?
Well the NRA urges President Trump to keep debit swipe fees in place.
