washington u.s. president donald trump friday order review major bank rule put place 2008 financial crisis draw fire democrats say order lack substance squarely align wall street bankers though order short specifics financial market embrace trump signal loose bank regulation come push bank stock high dow jones u.s. bank stock index close 2.6 percent .djusbk .n white house forum friday u.s. business leaders include jpmorgan chase jpm.n ceo jamie dimon trump say administration expect cut lot dodd-frank involve lot issue order say former democratic congressman barney frank co-author 2010 dodd-frank wall street reform law raise capital requirements bank restrict trade mean volcker rule create consumer financial protection bureau guard predatory lend trump make substantial change financial reform bill without congress frank tell reuters language order anything tell secretary treasury give something read tone weaken bill trump critics dodd-frank law say regulations hind lend meet ceo friday trump say many people friends mine nice businesses borrow money ... bank let borrow rule regulations dodd-frank despite criticisms recent data federal reserve bank st. louis show u.s. commercial-bank lend 70-year high climb steadily since late-2010 democratic senator elizabeth warren lobby creation consumer financial protection bureau accuse trump forsake middle lower-income individuals help bank wall street bankers lobbyists whose greed recklessness nearly destroy country may toast champagne american people forget 2008 financial crisis forget happen today say statement trump adviser lead deregulation effort national economic council director gary cohn previously top official goldman sachs gs.n billionaire investor carl icahn meanwhile counsel trump regulation across government one order sign trump require u.s. treasury secretary submit possible regulatory change legislation modify dodd-frank 120 days accord white house official trump pick treasury secretary steve mnuchin also former goldman banker yet confirm full senate meanwhile memo tell labor department review fiduciary rule broke offer retirement advice finalize 2016. early report say trump want push rule implementation originally slat april 180 days order mention delay labor department late friday say consider legal options delay representatives six large u.s. bank jpmorgan chase co jpm.n bank america corp bac.n citigroup inc c.n well fargo co wfc.n goldman sachs group inc gs.n morgan stanley ms.n either decline comment immediate comment bankers lawyers lobbyists privately say trump order would much immediately also say would prefer less-extensive modifications dodd-frank spend billions dollars comply law many want make little bite user-friendly say john kanas chairman bankunited bku.n lender less 20 billion assets house representatives financial service committee chairman jeb hensarling republican tell reporters white house trump approach reflect legislation draft review dodd-frank hensarling expect re-introduce bill allow bank choose comply dodd-frank hold capital late month trump could also make change simply appoint new personnel enforce rule lot regulations dodd-frank require bite cop-on-the-beat ensure enforcement different cop-on-the-beat enforce different rule enforce rule differently say fbr co financial policy analyst edward mill many regulators though appoint trump predecessor president barack obama intend complete term trump fire head independent agencies include three top bank regulators federal reserve chair janet yellen comptroller currency thomas curry federal deposit insurance corp chairman martin gruenberg addition term richard cordray consumer financial protection bureau director stretch next year republican lawmakers push trump fire cordray federal court decision allow stay pending appeal meanwhile u.s. financial policy leaders want keep law chicago feed president charles evans say friday dodd-frank largely helpful lead bank system good capital trump ignite political fight u.s. bank law reform