Mar 15, 2018

03/15/2018: The Senate is relaxing rules on Wall Street

John Moore/Getty Images News

(Markets Edition) The Senate has voted to relax the regulations put on banks after the financial crisis (also known as Dodd-Frank), which critics like Sen. Elizabeth Warren are calling "The Bank Lobbying Act." We'll look at how lax, exactly, these rules will become for the banking industry. Afterwards, we'll talk to economist Diane Swonk about what she thinks some of Dodd-Frank's limitations are, and then we'll head to Virginia to find out why the felony threshold for property theft is so low.

Segments From this episode

In Virginia, the theft of an iPhone can result in a felony charge for life

by Megan Pauly

Mar 15, 2018

Virginia’s felony threshold for property theft is tied with New Jersey for the lowest in the nation at $200. There’s bipartisan support to raise it to $500 this year, but that’s still far below the threshold for most states.

Virginia Governor Ralph Northam recently struck a bipartisan deal to raise the state’s felony larceny threshold in exchange for restitution reform.

Courtesy of Craig Carper/WCVE News

LISTEN

EMBED

(Markets Edition) The Senate has voted to relax the regulations put on banks after the financial crisis (also known as Dodd-Frank), which critics like Sen. Elizabeth Warren are calling “The Bank Lobbying Act.” We’ll look at how lax, exactly, these rules will become for the banking industry. Afterwards, we’ll talk to economist Diane Swonk about what she thinks some of Dodd-Frank’s limitations are, and then we’ll head to Virginia to find out why the felony threshold for property theft is so low.