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Congress Approves First Big Dodd-Frank Rollback (2018) (nytimes.com)
3 points by sberens on March 12, 2023 | hide | past | favorite | 1 comment



> The legislation will leave fewer than 10 big banks in the United States subject to stricter federal oversight, freeing thousands of banks with less than $250 billion in assets from a post-crisis crackdown that they have long complained is too onerous.

> Once the bill is signed by Mr. Trump, small and medium-sized banks will no longer be required to undergo “stress tests” aimed at measuring their ability to withstand a severe economic downturn.

Would the current situation have been prevented/mitigated if not for the repeal?




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