House approves partial rollback of some Dodd-Frank regulations. Are we ready?
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The House of Representatives Tuesday approved a bill that dials back some of the banking regulations put in place after the financial crisis. Among other things, it raises the threshold for which banks are considered to be big (“systemically important financial institutions,” as they are called). It also reduces some reporting requirements for banks regarding mortgages. This is the latest of many efforts under this administration to undo many of the rules put in place to prevent another crisis.
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