Updated: 3:25 p.m. ET

(Bloomberg) – 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."

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