Post-crisis banking rules: now altered but not undone
When President Trump signed recent legislation to lighten regulations on financial firms, supporters called it a long-overdue step to remove burdens on smaller banks. But critics see risks to the economy in the legislation, which rolled back portions of the 2010 Dodd-Frank Act.
A key point, perhaps lost in the shuffle of debate over the measure, is that core provisions of the Dodd-Frank Act remain in place, and many financial experts say the act has encouraged banks to become safer in the years since the Great Recession.
At the same time, between
Q: What’s the Dodd-Frank Act again?Q: What does the recent legislation aim to do?Q: What are the measure’s critics saying?Q: What’s the political message from this bill’s passage?Q: What’s next for the economy?
