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Chamber & County News


Banking industry likely to see regulatory relief under Trump

(The Hill) -- reports that "the banking industry is poised to benefit from Republicans lawmakers having a newly elected president from their side of the aisle to sign financial regulatory relief bills into law." The story quotes one expert who said: "The election could upend much of the Dodd-Frank Act and much of the financial regulatory structure." The Financial Choice Act by Rep. Jeb Hensarling (R-Texas), who leads the House Financial Services Committee, will be a key proposal in the next Congress. "Community and regional banks have the best odds of getting regulatory relief under Trump," according to The Hill.