Trump pledges 'big number' on Dodd-Frank in anti-rule push

There were $310 billion in loans outstanding to small business before the law was passed

President Donald Trump stepped up his criticism of financial regulations, pledging to go after the 2010 Dodd-Frank banking overhaul because he said the law has made it difficult for businesses to get loans.

“We’re going to be doing a big number on Dodd-Frank," Trump said Monday at an event with small business leaders at the White House. He called the legislation “a disaster" and said, “it’s almost impossible now to start a small business and it’s virtually impossible to expand your existing business.”

Trump didn’t provide data linking borrowing to Dodd-Frank, and the law’s impact on business lending isn’t clear cut. Commercial