WASHINGTON/NEW YORK — The banking and finance industries are rapidly drawing up wish lists for lighter regulation under President Donald Trump's incoming administration as Wall Street sees a window of opportunity to influence policy.
WASHINGTON/NEW YORK — The banking and finance industries are rapidly drawing up wish lists for lighter regulation under President Donald Trump 's incoming administration as Wall Street sees a window of opportunity to influence policy.Numerous financial trade groups are working on detailed lists to hand to Trump 's transition team, according to four industry sources who asked not to be identified.
Trump appointees are expected to pause CFPB rules relating to credit-card fees, open banking and so-called junk fees, according to an industry representative, who declined to be identified as talks are private. Banks and the broader financial industry will closely monitor an effort to write tax legislation in Congress, as many provisions of a 2017 tax law ushered through by Trump in his first term are set to expire. Among top industry priorities will be preserving lower corporate tax rates.
Street Drafts Trump Wish Lists
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