Trump Eyes Dodd-Frank Repeal, Nominates Jim Clinger as Chair of FDIC

[kreslik.news]

The push towards the repeal and elimination of key provisions of Dodd-Frank may be moving slightly closer to reality in the foreseeable future following the nomination of Jim Clinger by President Donald Trump to chair the Federal Deposit Insurance Corporation (FDIC). One of the body’s principle functions is to help safeguard lagging banks, whilst also ensuring minimum deposit thresholds – Clinger is a known Dodd-Frank skeptic, which could steer the direction of the group.

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The latest nomination breathes life into an otherwise formally untenable prospect, the outright repeal of Dodd-Frank. Given the complexity ... (read more)