president donald trump wants to scale back regulation what impact will the sell. well it might help the pending depending what how it does it it might help different people so you think you want to help regional banks to give easier loans and that s something we d love to have in europe as well that would be very helpful to go on in this direction because we have just an overregulated especially of small and medium sized banks from the all this regulation be implemented after the big financial crisis but especially united states but suspicious because people who will do this they mainly come from the large investment banks so i wonder will who will profit in the end really a problem for europe is america will change the direction of regulation great britain has a great incentive to change the direction of regulation towards less regulation so if the european train goes very fast in one direction or the other trains going to the other direction questions how long we can be keep on going
understand the terms they sign when they take on credit card debt, home loans and student financial aid. he tapped warren for the agency s first director, but she was dropped by republicans and strong lobbying from the financial industry. instead richard core dra has taken the mantel. to date the bureau has secured some $12 billion in relief for an estimated 29 million consumers. it s imposed nearly $600 million in civil penalties on financial institutions, including a $100 million fine sclapd on wells fargo when bank employees were caught opening a million and a half fraudulent accounts in their customers names. the regulators are running the banks, so we re going to do a very major haircut on to do frank. despite its accomplishments, the cfpb is a frequent target of president trump and republicans in congress who want to dial back regulation, not increase it. they claim the agency unfairly pishz lenders with complicated
how do you roll back regulation? this is something that conservatives want, they ve been talking about. when you get into more moderate members who may feel differently. so again, the question is, how do you bring in dean heller, a nevada republican and more moderate, middle of the road guy up for re-election and people like mike lee and rand paul that feel very differently about that. shepard: so number 4, the planned parenthood problem. there s a few idea where the right of this discussion and the left couldn t be further apart. absolutely. one of the big questions here, can republicans somehow try to get democrats on board with this bill at all. so far that hasn t happened at all. it doesn t seem like democrats are too interested in working with republicans on this issue. that is how things have gone so far. you haven t seen a lot of interest from democrats in working with republicans.
concerned that there is more concern for bipartisanship and working with democrats than there is in draining the swamp and actually peeling away all of the roughage that is preventing actually moving forward here on so many of these issues that affect people domestically. i was with the president in harrisburg, pennsylvania, saturday. it took him an hour just to outline the highlights of the last 100 days. he signed more bills into law than any president in the first 100 days since harry truman. 13 bills rolling back regulation and red tape for businesses, 500,000 jobs have been created since the first of the year. this president is fighting every day to advance his agenda and i couldn t be more proud to be standing shoulder to shoulder with him. shannon: mike pence addressing growing criticism
first, but there s some concern that that is tying their hands. so, you know, he is rolling back regulation, and the thing that you hear about from gop lawmakers in particular but also some democrats as well is that the number be one concern of employers, of businesses around the country is that there s a regulatory overload from the obama administration. trump is taking care of that through the congressional review act, through his executive orders. and so that may stimulate the economy. but right now the jump we ve seen in the stock market has been due mainly to the anticipation that he would get tax reform done, especially bring business taxes down to 15%. and that s probably the biggest promise he made, and that s probably what s going to have the biggest impact on the economy. whether he can deliver, we ll see, but it s going to be very tough. molly: yeah. it ll be interesting to see what happens with the energy sector. alex bolden with the hill, we appreciate it. thank you so muc