The Dodd-Frank directive he signed Friday is hitting the same road blocks as Obamacare.
The orders are the most aggressive steps yet by Trump to loosen regulations in the financial services industry.
House Financial Services Committee Chairman Jeb Hensarling might bring headaches for Wall Street.
She says Trump is already violating promises by filling his transition team with “Wall Street elites” and lobbyists.
Republicans—as well as many lobbyists—have long vilified the controversial Consumer Financial Protection Bureau.
A Democratic Senate majority could give progressives more sway in appointing tough financial regulators.
The decision could affect many other large banks with criminal records.
Each financial regulator would take part in overseeing financial service tech companies, under a House proposal.
Lawmakers demanded more accountability and made clear the firm is far from putting a recent scandal behind it.
Wells Fargo’s John Stumpf, struggling to quell a scandal, will tell lawmakers the bank failed customers and the public.
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