Skip to main content

Newsroom

April 30, 2025

Better Markets Month in Review Newsletter – April 2025

Below is the opening of our monthly newsletter. View the full newsletter online here

Hard to believe, but President Trump has now been in office for 100 days. Yes, just 100 days – seems like much longer! The tariffs, the Trade War, immigration, and eliminating consumer protection by dismantling the Consumer Financial Protection Bureau (CFPB) have been getting all the attention, but below the headlines extensive deregulation has been happening at every single federal financial protection agency – and Trump is only getting started.

This is deregulation on steroids. It is dangerous and will have dramatic consequences for everyday hardworking Americans. Remember that financial agencies protect everyone with a credit or debit card, a savings or checking account, a loan or investment of any type, and those using Big Tech products. They also prevent financial crashes which protect everyone’s job, home, savings, retirement and so much more. That’s all being put at risk by the deep and broad deregulation happening now.

The industry claims this is necessary because they are over-regulated and that reduces economic growth, but the facts prove those claims are false. Making matters worse, Trump’s deregulation comes on top of almost four decades of nonstop deregulation. The result is an already seriously under-regulated, fragile financial system. In a new report, I detail this deregulatory history, how it kills economic growth, and that four more years of deregulation is going to cause a catastrophic financial crash.

We rolled out this Report yesterday at a webinar on Trump’s first 100 days, along with a terrific discussion among our policy experts on the economic mayhem Trump has unleashed. You can watch it here. It was a really important discussion about what Trump is doing, why it’s important, and who it’s impacting, including key personnel appointments, policy actions, and emerging risks that will impact the broader economy. During the webinar, we also unveiled a new “Trump Tracker” on our website, where you can view, and sort by agency, Trump’s dangerous deregulation.

I also had the pleasure of joining Ronan Ryan and John Ramsay of the IEX Exchange on their very lively podcast Boxes and Lines to discuss the state of economy, financial industry, and financial regulation. Many thanks to them for having me on and asking (mostly) insightful and thought-provoking questions—although the question about what words of wisdom the Wall Street bull would share if it came to life and could talk was challenging (spoiler: my answer isn’t about the bull’s horns.)

Finally, I am honored to announce that we formed an Academic Advisory Board, which will serve as a platform for leading scholars focused on economics, law, finance, and financial regulation. The Academic Advisory Board aims to increase interaction between academics and policymakers, filling a critical gap where academic scholarship can provide important insights for policy formation and decision making. These are some of the brightest minds in economics, law, and finance and we are grateful for their commitment not only to Better Markets but to an economy that works for all Americans and a financial system that supports a growing economy.

Best,

Dennis

Dennis Kelleher
Co-Founder, President and CEO

Read the rest of the newsletter online here. To receive the newsletter in your inbox each month, sign up here

Newsletter
Share

MEDIA REQUESTS

For media inquiries, please contact us at
[email protected] or 202-618-6433.

Contact Us

For media inquiries, please contact [email protected] or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact [email protected] or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today