23-11-2016 17:38 via news.yahoo.com

Big banks' relationship with Dodd-Frank: it's complicated

Having spent billions of dollars on post-crisis U.S. financial industry reforms they once scorned, bankers are concerned the Trump administration, joined by a like-minded Congress, will scrap or significantly change the rules. Big U.S. banks have collectively spent tens of billions of dollars and a legion of man-hours to adhere to a sweeping set of rules known as Dodd-Frank, which was enacted in 2010 following the financial crisis that triggered the Great Recession. Banks lobbied hard against Do
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