Trump Team Says President-Elect Will Dismantle Dodd Frank Act

Update from the

This week, Congress has returned to Capitol Hill after Election Day, and we are beginning to get a better picture of what is in store. The election of Donald Trump as the future President of the United States could mean a lot for the future of the Seller Finance Industry!

According to Bloomberg Government, the transition team for President-elect Donald Trump says he will replace Dodd-Frank Act financial-sector law with pro-growth policies.

  • “The Dodd-Frank economy does not work for working people. Bureaucratic red tape and Washington mandates are not the answer,” says statement on Trump’s official transition website
  • Trump’s “Financial Services Policy Implementation team” will work to dismantle the 2010 law
  • Big banks got bigger after Dodd-Frank and “taxpayers remain on the hook for bailing out financial firms,” according to statement
  • NOTE: This is one of first major policy statements out of Trump transition team

This is a fantastic step! But we still need your help to continue reaching out to your member of Congress!

Please contact your member of Congress now and urge them to become a cosponsor for this important piece of legislation. We have included a sample letter to help in this process. Please let SFC know when you have communicated with your representative (via email CC, copy of physical letter, or notice of phone call) so that we can follow up and make sure that your words have been heard.

To find your representative, simply search with your home zip codehere!

If you need help please email us at [email protected] or call us here at 202-506-2061