The Treasury Department’s much anticipated report on banking regulations is set to include measured proposals for revising post-crisis rules, indicating the Trump administration is more focused on scaling back the 2010 Dodd-Frank Act than blowing it up.
The review, which may be released late Monday, is designed to provide a road map for regulatory agencies to begin chipping away at strictures put in place after the 2008 market crash, a person familiar with the matter said. Among the major targets are the Consumer Financial Protection Bureau and the so-called Volcker Rule than bars banks from making speculative bets with their own capital, the person added.
