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Investors, Banks Cheer Trump's Attack On Financial Reform03:44

This article is more than 3 years old.

Today is the first full day of trading after President Trump directed the U.S. Treasury to review the 2010 financial reform bill known as Dodd-Frank, and big banks like J.P. Morgan Chase & Co. and Citigroup Inc. are up.

On Friday Trump called Dodd-Frank "a disaster" and vowed to cut "a lot" of the regulations put in place after the 2008 financial crisis. One of those was a pending rule expanding something known as the "fiduciary standard," which required retirement advisers to put the interests of their clients first.

Here & Now's Jeremy Hobson takes a look at Trump's assault on financial regulations with CBS News's Jill Schlesinger (@jillonmoney), host of "Jill on Money" and the podcast "Better Off."

This segment aired on February 6, 2017.


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