It’s been a week since President Trump called for a review of the U.S. Department of Labor’s (DOL) fiduciary rule, which would have come into effect in April.

Since then, the financial industry has questioned whether Trump’s actions are warranted and whether delaying the rule will mean anything at this stage. With the deadline only two months away, many firms had already invested in new processes.

And rule or no rule, investors are demanding better, says the CIO of New York-based Ritholtz Wealth Management, Barry Ritholtz, in an op-ed for The Washington Post. Ritholtz writes, “Even before the government announced the new standard of care for advisers on retirement accounts, the public had figured it out,” given many investors prefer to work with advisors who act in their best interests over paying for “high-cost, conflicted advice.”

As proof, Ritholtz points to the growing popularity of ETFs and low-cost investment options, and to the rise of robo-advisors.

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Ritholtz isn’t alone in his view.

James Allen, head of U.S. Capital Markets Policy for the CFA Institute, writes in a recent blog post for thehill.com that Trump’s orders regarding the fiduciary rule and Dodd-Frank are a step backward. He says, “While not perfect, the DOL rule advanced the simple tenet that retirement advisers owe their clients a duty of loyalty, prudence and care […] We refuse to abandon the DOL’s fiduciary rule in the hope that the SEC may finally address this issue.”

Further, just this week, a Texas district court judge threw out a challenge to the DOL rule. Media outlets report that Chief Judge Barbara Lynn ruled in favour of the DOL versus the U.S. Chamber of Commerce in an 81-page ruling. The Chamber had presented seven arguments against the fiduciary rule, including that the DOL is exceeding its authority.

Even if the final implementation of the rule is delayed, fortune.com reports there would be another round of public comment before the rule is scrapped or altered.

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What about Dodd-Frank?

Dodd-Frank will be altered but not dismantled, says Benjamin Tal, deputy chief economist of CIBC Capital Markets, in a new report.

First, he explains, “The likelihood of passing a bill that actually dismantles Dodd-Frank is close to zero. With only 52 seats in the Senate, [the] Republicans will have a difficult time securing the required 60 votes to pass such a bill.”

Second, “One of the reasons Trump wants to kill Dodd-Frank is to allow lenders to lend more. The reality is, however, that credit growth is not exactly subdued.” Tal notes growth in consumer credit is back to pre-recession rates, “while new mortgage originations are at a level that is in line with their long-term trajectory. Ditto for business credit that advanced by close to 10% in 2016.”

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As a results, says Tal, “If you kill Dodd-Frank tomorrow, we doubt that credit growth will accelerate in any meaningful way.” He adds, “By word count, Dodd-Frank is 20 times longer than the Bible. So it needs some editing. But those who trade with the premise of a complete overhaul of the U.S. financial regulatory system might be disappointed.”