Dodd Frank was not gutted by Trump. They lifted the asset cap so that the onerous regulatory requirements only applied to banks with $250B+ in assets, rather th

Dodd Frank was not gutted by Trump. They lifted the asset cap so that the onerous regulatory requirements only applied to banks with $250B+ in assets, rather than banks with $50B+ in assets, as it was previously. This was a great thing for consumers and banking competition. There is no reason a small bank with $50B in assets should have the same regulatory requirements as JP Morgan.