"Chicago Tribune" : Trump promises community bankers he will ease regulations

collected by :John Miller Persistently low interest rates have squeezed profitability from community banks' business models: collecting more interest from borrowers than they pay for deposits. President Donald Trump assured a group of U.S. community bank executives he'll deliver regulatory changes that will make it easier for them to lend money. Trump was seeking the bankers' input on which regulations may be crimping their ability to lend to consumers and small businesses, according to a White House statement. Trump recently ordered Treasury Secretary Steven Mnuchin, who also attended the meeting, to scrutinize U.S. financial regulations and come back to him by June with recommendations on changes. While Trump has said rolling back the Dodd-Frank legislation is a priority for him, Republicans who write financial regulations have started to focus on other things -- an indication that the law won't be immediately dismantled.


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Trump meets with U.S. community bankers, pledges to scale back regulations

Representing the industry were chief executives of nine community banks with assets of around $1 billion or less and the heads of the American Bankers Association and the Independent Community Bankers of America (ICBA). Trump, joined by National Economic Council Director Gary Cohn and Treasury Secretary Steve Mnuchin, said community banks play a "vital role" in the U.S. economy. Community banks are the backbone of small business in America," Trump said at the beginning of the meeting. REUTERS/Carlos BarriaWASHINGTON President Donald Trump promised in a meeting with community bankers on Thursday to strip away some Dodd-Frank financial regulations and ensure they can continue giving small businesses access to capital. Trump promised the bankers that his February executive order on reducing regulation was "very powerful" and would apply to the community banking sector.

Trump to talk regulations with community bankers

President Donald Trump is set to meet with the chief executives of small and community banks on Thursday, with the group expected to discuss regulations. Getty Images President Donald Trump will meet with the heads of small and community banks Thursday. In an interview with Politico, Graham said his advice to Trump on the health bill is not to make a deal for a deal's sake. Step for health bill: The Republican plan to repeal and replace Obamacare cleared a hurdle early Thursday as it passed the House Ways and Means Committee. Graham, known for clashing with Trump, dined with the president this week and said the meeting went well.


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