A key oversight threshold was lower under the original Dodd-Frank Act. When the rules were relaxed, experts say the risks may have increased.
"We've just seen an uptick in moral hazard," Daniel Tarullo says of the U.S. government covering uninsured deposits.
The rollback of Dodd-Frank reforms exempted many of the country's largest banks from stricter regulations put in place after 2008.
Reforms after the financial crisis haven't brought dramatic change.
Big U.S. banks have European banks beat. But many of the struggles European banks are facing could start affecting American banks soon.
Did saving the financial system break the political system?
Today, the Federal Reserve is scheduled to take a step toward revising the Volcker rule. That’s the regulation, hated by the big banks, that limits risky trading practices. The Fed is one of five federal agencies that needs to weigh in on any changes. Click the audio player above to hear the full story.
The Federal Reserve on Wednesday is expected to take up a proposal to relax the Volcker rule. That’s the measure passed in 2010 as part of the Dodd-Frank financial reform law. Big banks say the Volcker rule, which is designed to protect depositor money from risky investments, is too expensive and constraining. Click the audio […]
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 […]