The U.S. House of Representatives moved to ease banking regulation introduced in the aftermath of the collapse of Lehman Brothers, delivering President Donald Trump with a major legislative victory.
With 258 in favour of President Trump’s proposals and 159 against, the 2010 Dodd-Frank Act has been severed with bipartisan consensus. 17 Democratic representatives were convinced by the President’s argument that deregulation will boost growth.
New regulation reduces the buffer capital that lenders...


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