Trump Regulators Aim to Kill Rule Even GOP Supports

Trump Regulators Aim to Kill Rule Even GOP Supports
AP Photo/Manuel Balce Ceneta

Conservatives who are working to undo Obama-era Wall Street reforms do have one regulation they’d like to keep in place: high capital requirements for financial institutions, so that big banks can pay for their own losses if they run into trouble instead of needing a government bailout. The House Republicans’ Financial CHOICE Act follows this model, gutting scores of rules created by the 2010 Dodd-Frank law in favor of a simple capital buffer.

 

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