US President Donald Trump is telling a group of community bankers that he will roll back regulations imposed on their industry after the nation's 2008 financial crisis.

Trump addressed the Independent Community Bankers Association at the White House on Monday.

The bankers all wore Trump inspired red baseball caps that say, "Make Community Banking Great Again!"

Trump said the current law, known as the Dodd-Frank Act, is "damaging" and his administration is working to reform it.

He says his friends who are community bankers "have gone through hell" because of stringent regulations.

The 2010 Dodd-Frank law clamped down on certain banking practices and expanded consumer protections to try to prevent a repeat of the 2008 financial meltdown

Washington DC - 1 May 2017

1. Vice President Mike Pence introduces US President Donald Trump, pull out to wide shot as crowd stands and applauds

2. SOUNDBITE (English) Donald Trump, US President:

"I have friends that are community bankers and they've gone through hell over the last, long period of time. It's really a much longer period of time than people would understand. I've also directed Treasury Secretary Steven Mnuchin to review damaging Dodd-Frank regulations that encourage risky behaviour from Wall Street. Everybody knows what that means. We're also working to achieve tax reform and dramatically lower taxes on businesses and the middle class. We're proposing one of the largest tax cuts in history, even larger than that of President Ronald Reagan. Our tax cut is bigger, bigger. My administration is committed to working with each and every one of you to help Americans achieve their financial dreams so that, look, we're all here for the same thing. We have a statement, it's really, I like it much better than even your hat, it says 'Make America Great Again,' and that's what we all want, we want to all make it great again and that's what's going to happen so, I want to thank you all for being here. Very special people, you do a very, very special job and the community really understands it. I know community bankers are the most popular person in their community. They've built communities and they've really been so badly hurt over the last number of years. So we're going to change that, we're going to change regulations, we're gonna give the incentives back and you're going to grow and thrive and prosper and maybe even more importantly, you're going to have businesses all over the country growing and thriving and prospering. So I want to thank you for being here. It's a great honour. And you will see things happening like you've never seen before, thank you very much, thank you, thank you." (Crowd stands up and applauds)

President Donald Trump is telling a group of community bankers that he will roll back regulations imposed on their industry after the nation's 2008 financial crisis.

Trump addressed the Independent Community Bankers Association at the White House Monday. The bankers all wore Trump inspired red baseball caps that say, "Make Community Banking Great Again!"

The president said the current law, known as the Dodd-Frank Act, is "out of control" and his administration is working to reform it.

He says his friends who are community bankers "have gone through hell" because of stringent regulations.

The 2010 Dodd-Frank law clamped down on certain banking practices and expanded consumer protections to try to prevent a repeat of the 2008 financial meltdown

Washington, DC - 1 May 2017

1. SOUNDBITE (English) Donald Trump, US President:

"I have friends that are community bankers and they've gone through hell over the last, long period of time. It's really a much longer period of time than people would understand. I've also directed Treasury Secretary Steven Mnuchin to review damaging Dodd Frank regulations that encourage risky behavior from Wall Street. Everybody knows what that means. We're also working to achieve tax reform and dramatically lower taxes on businesses and the middle class. We're proposing one of the largest tax cuts in history, even larger than that of President Ronald Reagan. Our tax cut is bigger, bigger. My administration is committed to working with each and every one of you to help Americans achieve their financial dreams so that, look, we're all here for the same thing. We have a statement, it's really, I like it much better than even your hat, it says 'Make America Great Again,' and that's what we all want, we want to all make it great again and that's what's going to happen so, I want to thank you all for being here. Very special people, you do a very, very special job and the community really understands it. I know community bankers are the most popular person in their community. They've built communities and they've really been so badly hurt over the last number of years. So we're gonna change that, we're going to change regulations, we're gonna give the incentives back and you're going to grow and thrive and prosper and maybe even more importantly, you're going to have businesses all over the country growing and thriving and prospering. So I want to thank you for being here. It's a great honor. And you will see things happening like you've never seen before, thank you very much, thank you, thank you."

President Donald Trump is telling a group of community bankers that he will roll back regulations imposed on their industry after the nation's 2008 financial crisis.

Trump addressed the Independent Community Bankers Association at the White House Monday. The bankers all wore Trump inspired red baseball caps that say, "Make Community Banking Great Again!"

The president said the current law, known as the Dodd-Frank Act, is "out of control" and his administration is working to reform it.

He says his friends who are community bankers "have gone through hell" because of stringent regulations.

The 2010 Dodd-Frank law clamped down on certain banking practices and expanded consumer protections to try to prevent a repeat of the 2008 financial meltdown

Washington, DC - 1 May 2017

1. SOUNDBITE (English) Donald Trump, US President:

"I have friends that are community bankers and they've gone through hell over the last, long period of time. It's really a much longer period of time than people would understand. I've also directed Treasury Secretary Steven Mnuchin to review damaging Dodd Frank regulations that encourage risky behavior from Wall Street. Everybody knows what that means. We're also working to achieve tax reform and dramatically lower taxes on businesses and the middle class. We're proposing one of the largest tax cuts in history, even larger than that of President Ronald Reagan. Our tax cut is bigger, bigger. My administration is committed to working with each and every one of you to help Americans achieve their financial dreams so that, look, we're all here for the same thing. We have a statement, it's really, I like it much better than even your hat, it says 'Make America Great Again,' and that's what we all want, we want to all make it great again and that's what's going to happen so, I want to thank you all for being here. Very special people, you do a very, very special job and the community really understands it. I know community bankers are the most popular person in their community. They've built communities and they've really been so badly hurt over the last number of years. So we're gonna change that, we're going to change regulations, we're gonna give the incentives back and you're going to grow and thrive and prosper and maybe even more importantly, you're going to have businesses all over the country growing and thriving and prospering. So I want to thank you for being here. It's a great honor. And you will see things happening like you've never seen before, thank you very much, thank you, thank you."

Seeking to bridge deep Democratic divides, Bernie Sanders robustly embraced his former rival Hillary Clinton Monday night as a champion for the same economic causes that enlivened his supporters, signaling it was time for them, too, to rally behind her in the campaign against Republican Donald Trump.

Sanders joined a high-wattage lineup of speakers, including first lady Michelle Obama who made a forceful, impassioned case for the Democratic nominee. Mrs. Obama's address all but wiped away earlier tumult in the convention hall that had exposed lingering tensions between Clinton and Sanders supporters.

While Sanders had endorsed Clinton previously, his remarks Monday marked his most vigorous and detailed praise of her qualifications for the presidency. It came at a crucial moment for Clinton's campaign, on the heels of leaked emails suggesting the party had favored the former secretary of state through the primaries despite a vow of neutrality.

Behind the scenes, Sanders and Clinton aides joined forces to try to ease tensions. Clinton's campaign quickly added more Sanders' supporters to the speakers lineup. Sanders sent urgent messages to supporters asking them not to protest.

By the time Sanders took the stage for the night's closing address, much of the anger had been overshadowed by speeches promoting party unity. Sanders did his part, imploring his supporters to consider a country under Trump's leadership.

Moments of disunity could still surface, including when former President Bill Clinton addresses the convention on Wednesday night. The former President remains very popular within the party, but some of his policies do not. This includes the legislation he signed to remove regulations on banks that separated commercial banking from investment banking. The regulations had been in place since 1932, when they were included in the a law called Glass-Steagall, named for two Senators of that time who sponsored it. Many have blamed the deregulation for the financial crisis of 2008.

Seeking to bridge deep Democratic divides, Bernie Sanders robustly embraced his former rival Hillary Clinton Monday night as a champion for the same economic causes that enlivened his supporters, signaling it was time for them, too, to rally behind her in the campaign against Republican Donald Trump.

Sanders joined a high-wattage lineup of speakers, including first lady Michelle Obama who made a forceful, impassioned case for the Democratic nominee. Mrs. Obama's address all but wiped away earlier tumult in the convention hall that had exposed lingering tensions between Clinton and Sanders supporters.

While Sanders had endorsed Clinton previously, his remarks Monday marked his most vigorous and detailed praise of her qualifications for the presidency. It came at a crucial moment for Clinton's campaign, on the heels of leaked emails suggesting the party had favored the former secretary of state through the primaries despite a vow of neutrality.

Behind the scenes, Sanders and Clinton aides joined forces to try to ease tensions. Clinton's campaign quickly added more Sanders' supporters to the speakers lineup. Sanders sent urgent messages to supporters asking them not to protest.

By the time Sanders took the stage for the night's closing address, much of the anger had been overshadowed by speeches promoting party unity. Sanders did his part, imploring his supporters to consider a country under Trump's leadership.

Moments of disunity could still surface, including when former President Bill Clinton addresses the convention on Wednesday night. The former President remains very popular within the party, but some of his policies do not. This includes the legislation he signed to remove regulations on banks that separated commercial banking from investment banking. The regulations had been in place since 1932, when they were included in the a law called Glass-Steagall, named for two Senators of that time who sponsored it. Many have blamed the deregulation for the financial crisis of 2008.

Philadelphia, Pennsylvania - 25 July, 2016

1. SOUNDBITE (English) Lisa Lerer, Associated Press

"Well certainly the last couple of days here have been quite contentious. It wasn't quite the show of unity that Hillary Clinton's campaign and her supporters had been hoping for. But her campaign and the convention planners were able to release some of that tension by giving Bernie Sanders and his backers a lot of airtime tonight. They added Sanders supporters onto the schedule. So what you wound up having here for the first night of the convention was a series of former Sandres backers who got up and explained why they were now supporting Hillary Clinton."

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2. SOUNDBITE (English) Lisa Lerer, Associated Press

"And why Sanders supporters out in the country should do the same. That group included high profile celebrities like comedian Sarah Silverman."

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3. SOUNDBITE (English) Lisa Lerer, Associated Press

"And of course Bernie Sanders himself who ended the evening and got that coveted prime time address at the end of the night. He talked about all the reasons that he was backing Hillary Clinton."

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4. SOUNDBITE (English) Lisa Lerer, Associated Press

"I think it's really important to remember that conventions do not reflect electoral results. Right? So what we've seen in all the polling is somewhere around 80 percent of Sanders supporters now say they're going to back Hillary Clinton. That's actually a far higher percentage than of Clinton supporters that said they would back then Illinois Senator Barack Obama eight years ago."

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5. SOUNDBITE (English) Lisa Lerer, Associated Press

"Most Sanders supporters are going to go behind Hillary Clinton, or at least that's what they're saying in polls."

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6. SOUNDBITE (English) Lisa Lerer, Associated Press

"Well it's a series of high profile speakers to come tomorrow night. Of course is former President Bill Clinton. That will be a particularly interesting speech because while he remains a pretty popular figure within the Democratic party, much of what his administration did, some things like deregulating Wall Street with Glass-Steagall, the crime bill which some people said led to an era of mass incarceration, Don't Ask Don't Tell, those achievements are now pretty reviled by many in the party, particularly these Sanders supporters who have been so vocal in their opposition to Hillary Clinton."

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7. SOUNDBITE (English) Lisa Lerer, Associated Press

"On Wednesday of course we'll have Vice President Biden, Vice Presidential candidate Tim Kaine, of course this will be his first opportunity to introduce himself to a large national audience. And President Obama who's supposed to come out pretty strong and play the role of a convert, someone who was of course was against Hillary Clinton and has been won over by her experience and her tenacity and all these things that her campaign is hoping to promote and to create as her image these four nights. And then on Thursday of course we have Chelsea Clinton introducing Hillary Clinton herself."

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8. SOUNDBITE (English) Lisa Lerer, Associated Press

"Some of this may linger into tomorrow and Wednesday. I think ousting Debbie Wasserman Schultz will help a lot with these kinds of frustrations. You know, people want to see heads roll hers was a head that a lot of people both in the Obama administration and in the Clinton campaign wanted to roll for quite a long time."