Congress Passes Rollback of Banking Rules

“The House voted to exempt small and regional banks from some of the most stringent rules put in place after the financial crisis, while also loosening some of the rules aimed at keeping the biggest banks from failing,” the Washington Post reports.

“The measure does not repeal the 2010 Dodd-Frank law, as some in the GOP had hoped, but it does represent the most significant scaling back of the rules to date.”

New York Times: “While the legislation offers little for the very largest banks, the Trump administration has already been working through the regulatory system to make things easier for them.”