President Donald J. Trump has signed an executive order in a move intended to scale back the Dodd-Frank Wall Street Reform and Consumer Protection Act.

On Friday, Trump signed executive orders, including one that could impact the future of the Consumer Financial Protection Bureau and its director, Richard Cordray.

"Today we are signing core principles for regulating the United States financial system," Trump said just before signing. "It doesn’t get much bigger than that, right?"

Source: Mortgage Daily