“There is little doubt that the US financial system is stronger today than it was a decade ago,” Jerome Powell said in testimony to be delivered before the Senate Banking Committee, but “we must also be vigilant against new risks that may develop” The US Federal Reserve is open to easing some banking regulations put … Read more
The Trump administration has said it wants to ease oversight of smaller banks and curb the Consumer Financial Protection Bureau’s powers. The report from the Treasury Department outlined administration priorities for rolling back rules imposed on the financial sector after the 2008 crisis. It comes just days after the House of Representatives approved a sweeping … Read more
The White House on Monday issued a roadmap for loosening US banking regulations, including a recommendation to ease “stress tests” for large banks, according to a report published by the Treasury. President Donald Trump requested the report in a February decree aimed at reducing the financial regulations imposed by the Dodd-Frank financial regulation law, adopted … Read more
U. S. President Donald Trump on Friday ordered reviews of major banking rules that were put in place after the 2008 financial crisis, drawing fire from Democrats who said his order lacked substance and squarely aligned him with Wall Street bankers. Though the order was short on specifics, financial markets embraced Trump’s signal that looser … Read more