Trump’s Call for Rules Freeze Gets Cold Shoulder From Bank Lobby
- Proposal could prevent positive changes, Chamber unit says
- Wall Street wary of candidate’s support for Glass-Steagall
Trump vs. Clinton: Breaking Down Their Economic Plans
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Donald Trump’s call for a moratorium on new regulations is getting a chilly reception in Washington’s financial-services lobbying community, where battle-weary trade groups are warning that the Republican presidential nominee’s plans could bring risks along with any rewards.
Industry associations might have been expected to welcome Trump’s promise to block new rules, after spending the last few years fighting against what they see as regulatory excess in response to the 2008 financial crisis. Yet groups such as the Financial Services Roundtable and the U.S. Chamber of Commerce’s financial-markets unit say they are against the idea of a full stop.