Showing posts with label Financial CHOICE ACT. Show all posts
Showing posts with label Financial CHOICE ACT. Show all posts

Thursday, May 4, 2017

Joe Valenti: Please stand up if you support financial deregulation

  The first 100 days of the Trump administration have had no shortage of broken promises to American workers and families. But the president’s troubling promise “to do ‘a big number’” on Dodd-Frank—the financial reform law passed in 2010—may actually be kept. Congress takes a big step toward that goal this week when the House Financial Services Committee votes on the Financial CHOICE Act, committee Chairman Jeb Hensarling’s (R-TX) bill that would largely undo financial reform. The sweeping, 593-page bill would take a wrecking ball to financial reform, undermining tools that regulators use to safeguard the financial system and decimating key consumer and investor protections.