Trump cuts business free
“A lot of the criticism of Obama administration rules was that they would ultimately restrict credit in ways that would be damaging to the most marginal borrowers,” said Phil Wallach, who developed a deregulation tracker for the Brookings Institution before moving to the R Street Institute.
“A lot of that has been targeted, I think sincerely, with the hope that getting rid of those rules” would benefit struggling borrowers who need credit, he told the Washington Examiner.
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Additionally, “a lot of communities that were economically dependent on coal in one way or another feel grateful that they’re getting at least a little bit of relief and some attention from the White House,” said Wallach, the former Brookings fellow.
“They felt that they were already down, and the last administration was sort of kicking them,” he added.
