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Arbitration by -- the consumer final protection bureau or cfpb was created back in 2008. the bureau was charged with looking at these clauses in response to debt collectors like payday lenders and the student loan companies. set to go into effect. but congress used its 60-day window of congressional review and nixed it last night. this rule and the cfpb itself were put in place by the dodd/frank act. a response to 2008 crisis. and many say that the recession is what precipitated by the gutting of the glass/steagall act. a response to the great depression. i mean, if you think about this for a ...

1987 crash. one other thing involving trump administration and business is nafta. the trade agreement involving northern american countries. we heard during the campaign president trump threatening to withdrawal from the deal, saying it was the worst deal in history. he's rode that back slightly under pressure from justin trudeau and mexican authorities. however, they have just notified his administration has just notified congress in a 90-day letter from lighthize they are looking to renegotiate nafta in the comin days. >> life from london, thanks so much. during his testimony to senate ban...

With congressman cummings and others who share the same commitment. >> thanks a lot. john gizzi. you're both good looking johns, but i'll come back. >> thank you, sean. two questions, and first, a japanese news service is reporting this morning that the president will have a meeting with president jinping of china in april. does this mean there is a new meeting before their scheduled meeting at the g20 in july? >> i'm not going to comment on the president's schedule of foreign leader visits at this time, john. i think i've pretty much gotten that one down. so until i have something further for...

Institution like a bank, like chase could not blav like a casino or hedge fund which is the exactly what's going on right now. if we had the volcker rule, a watered down version of the glass/steagall act, we wouldn't have had the problem with this act. glass/steagall worked perfectly for half a century no matter what people on the republican side want to say. it was a simple many rule easy to enforce and we could have it tomorrow if we wanted. >> jimmy, the debate around regulation always shocks me. we've seen one of the greatest economic meltdowns since the great depression. and yet, american...

Today saying it's clear we need toetd restore the sorts of safeguards that gave us a couple of generations without major banking panics. it's clear that is to everyone except bankers and the politicians is bankroll. krugman making the case for increased regulation in the banking sector and yet on "meet the press" this week,. >> you think we needless financial regulation rather than more. >> i think we needless. dodd-frank didn't work. >> dodd-frank didn't work. matt, what do you make of that? >> dodd-frank hasn't had a chance to work. what did work was the glass/steagall act. that was a vet ve...