Should former President Donald Trump win the 2024 election, one of his plans is to seriously reduce the federal government’s regulation of banks and financial markets. This could include the outright elimination of the Consumer Financial Protection Bureau, among other actions.
In the wake of the worst economic crisis since the Great Depression, Congress dramatically expanded the U.S. government’s oversight of the financial industry to prevent a repeat of the 2008 global banking meltdown.
Donald Trump would likely renew his efforts to scale back those reforms, if elected, as well as pare protections for small-scale investors and borrowers, and allow companies to raise money with less scrutiny, according to the interviews and proposals from groups positioned to influence a new conservative administration. Reuters spoke with, among others, about a dozen people who have provided advice…
