Smaller banks could win big if one Dodd-Frank oversight rule is loosened
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A bipartisan group of senators has agreed to take a big step in loosening up some of the bank regulations that were put in place after the 2008 financial crisis under the Dodd-Frank law. They’re backing a deal that would exempt small and regional banks from regulations and testing meant to ensure that financial institutions can survive certain economic shocks. Is this a good idea? And who are the winners and losers?
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