Banks poised to win Dodd-Frank changes
By Sylvan Lane
Banks are close to winning long-sought relief from strict regulations imposed after the 2008 financial crisis. Congress is near the passage of a bipartisan deal to exempt dozens of banks from parts of the Dodd-Frank Act of 2010. Federal agencies controlled by President Trump’s appointees are sprinting toward significant rollbacks of key Dodd-Frank rules meant to insulate banks from a disabling financial crisis. …“The Fed is shooting in the dark and they are going to hit some innocent bystanders,” said Karen Petrou, managing partner of Federal Financial Analytics. “It’s impossible to figure out.”