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Trump rollback of banking regulation well underway

Trump has an unprecedented opportunity in coming months to reshape the agencies in charge of regulation

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Richard Cordray (left), the first director of the Consumer Financial Protection Bureau, will step down by the end of the month, several months early. Jerome Powell. the new Fed chair, is expected to move more quickly down the path already forged by Ms Yellen.

Washington

PRESIDENT Donald Trump's promised rollback of banking regulation is well underway, with vacancies at the top of key agencies and new legislation in the works.

Since the start of his presidency, Mr Trump has decried the financial rules and regulations put in place to

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