“The measure would roll back several key financial regulations, including sections of the Dodd-Frank Act. It does so under the cover of offering consumer protections and coming to the aid of community banks — though the financial institutions that benefit have not-so-obscure names, like American Express, SunTrust, and BB&T.”
An Equifax-inspired reform somehow led to big giveaways for banks. There’s a reason that bipartisanship is fetishized in Washington.
While America watched the Comey spectacle…
“Hensarling argues that the economy and consumers would benefit from his vision in which market forces rather than government regulation would keep the financial system in check.”
Yeah, that won’t work
The legislation represents the GOP’s opening salvo in the coming debate over easing the rules on the financial system.