Congress approves plan to roll back post-financial-crisis rules for banks

The following article by Erica Werner and Renae Merle was posted on the Washington Post website May 22, 2018:

The House voted on May 22 to exempt small and regional banks from some of the most stringent rules put in place after the financial crisis. (U.S. House)

The House on Tuesday passed a plan to roll back banking regulations passed in response to the 2008 financial crisis, sending the bill to President Trump to sign.

The measure leaves the central structure of the post-financial-crisis rules in place, but it would make the most significant changes to weaken the Dodd-Frank banking regulations since they were passed in 2010. It would exempt some small and regional banks from the most stringent regulations, and would also loosen rules aimed at protecting the biggest banks from sudden collapse. Continue reading “Congress approves plan to roll back post-financial-crisis rules for banks”