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...
This story is part of New Europe's Premium content.
|To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑|