As part of the Trump Administrations regulation cutting program, the Dodd-Frank banking rules may be rolled back. Those provisions were passed in 2010, and put a lot of restrictions on all types of financial institutions.
Rob Stephenson, President of First Dakota National Bank in Yankton says that talk is a nice surprise…..

Stephenson says it may take some time to unwind many of those regulations….

Stephenson says while major banks hired new people to handle the regulations, they had to divert a lot of time and energy to comply…..

Stephenson says even if Dodd-Frank is rolled back, there are still numerous regulations on banks.