Financial Firms Warn of Hurdles as Trump Accounts Loom

Also, Atkins preaches to the choir at the Chamber; Fed releases proposal to do away with reputational risk in examinations

Trump Accounts were built on a simple premise: every newborn gets a $1,000 grant from the Treasury to fund a tax-advantaged savings plan that invests in U.S. stocks. Then, as the marketing materials note, it’s time to “sit back and watch the money grow.” If only it were that easy.

A new batch of feedback from financial companies has arrived at the Intern…