A second Donald Trump White House would seek to sharply reduce the power of U.S. financial regulators, according to a review of public documents and interviews with people allied with the former U.S. president.
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.
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. Reporters spoke with, among others, about a dozen people who have provided advice or been consulted by Trump or his allies.
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