With the public and the media focused on the cancellation of North Korea summit, President Donald Trump sign into law legislation that will roll back burdensome Obama-era financial regulations.

On Thursday, Trump signed S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. The bill had passed the House on Tuesday, while it was passed by the Senate in March.

At the signing ceremony, flanked by members of his cabinet and GOP lawmakers, Trump announced that the much anticipated meeting planned with North Korea in Singapore was being canceled.

Source: Mortgage Daily