The House of Representatives recently passed a bill to roll back some of the banking industry regulations that were implemented in the aftermath of the financial crisis. The bill has already passed the Senate and is expected to be signed into law by President Trump shortly. Initially, it was unclear if the bill would clear the house, as some Republicans wanted an even greater rollback of regulations, but any further changes will be included in a separate bill. Several regulations introduced in the Dodd-Frank Act will be rolled back, and also provides some new protections for student loan borrowers and consumers who wish to protect their credit.
Banking Deregulation Just Passed -- Here's What You Need To Know
newsfeedback@fool.com (Matthew Frankel), The Motley Fool
Wed, 05/23/2018 - 4:25am
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