NPR

Dodd-Frank Rollback 'Completely Ignores' How Financial System Works, Author Says

It's worrying "how rapidly we have forgotten" the aftermath of the 2008 financial crisis, financial journalist Diana Henriques says following a House vote to undo part of the banking regulations.
President Trump speaks to Speaker of the House Paul Ryan after signing House Joint Resolution 41, which removes some Dodd-Frank regulations on oil and gas companies, during a bill signing ceremony in the Oval Office of the White House in Washington, D.C, Feb. 14, 2017. (Saul Loeb/AFP/Getty Images)

President Trump said on Twitter on Wednesday that he’s going to sign into law “big changes” to the Dodd-Frank banking regulations put in place after the financial crisis.

The bill passed the House late Tuesday, with supporters saying it would make it easier for midsize and regional banks to lend. It already passed the Senate in March.

Opponents of the move warn‘s Jeremy Hobson speaks with financial journalist  (), author of the books “The Wizard of Lies” and “A First-Class Catastrophe.”

Sie lesen eine Vorschau. Registrieren Sie sich, um mehr zu lesen.

Mehr von NPR

NPR3 min gelesenMedical
Coronavirus Is Surging: How Severe Is Your State's Outbreak?
View NPR's maps and graphics to see where COVID-19 is hitting hardest in the U.S., which state outbreaks are growing and which are leveling off.
NPR2 min gelesen
In 'How Ike Led,' Reflections On Eisenhower's Political Legacy
This program originally broadcast on September 17, 2020. What we learn from Dwight Eisenhower’s life and leadership. Susan Eisenhower, policy strategist and lecturer. Author of “How Ike Led.” (@eisenhowergroup) Jack Beatty, On Point news analyst. (@J
NPR2 min gelesen
'Gracias Diego': Maradona's Fans Mourn Legendary Player's Death
Thousands of fans lined up from the early hours on Thursday to file past Maradona's wooden casket in the presidential palace. Argentina's beloved soccer star died on Wednesday.