Trump to Sign Compromise Dodd-Frank Deregulation Bill This Week – TNA

 

The bill falls far short of dismantling the original law, which has throttled banks with additional regulations, even those banks that had nothing to do with the meltdown in 2008. As Hensarling himself admitted following his conversation with the president, “I wish it did gut Dodd-Frank. It didn’t.”

What the watered-down bill does is raise the “asset threshold” for large banks — those deemed “too big to fail” — from $50 billion in assets to $250 billion, thus relaxing some federal banking oversight rules on banks such as BNY Mellon, Citigroup, American Express, and SunTrust.

via Trump to Sign Compromise Dodd-Frank Deregulation Bill This Week