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April 26, 2017

GOP starts to unwind Dodd-Frank rules

  • President Trump says the post-2008 banking rules have crimped lending, the economy and job creation. The legislation also paints a bull's eye on the Consumer Financial Protection Bureau.
    • By MARCY GORDON
    AP Business Writer

    WASHINGTON — Emboldened by a business-friendly president, Republicans in Congress are moving to unwind the stricter regulations that took effect after the 2008 financial crisis and Great Recession.

    A House committee takes up legislation Wednesday that would defang the tighter rules. While passage by the GOP-controlled House could come in a few months, the Senate — where Republicans have only 52 of 100 seats — poses an obstacle.


     
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