‘Government Is the Problem': Dallas Lawmaker Launches Push to Repeal Obama-era Banking Rules

WASHINGTON -- Dallas Rep. Jeb Hensarling has officially launched what may be his best shot to peel back a host of Obama-era banking regulations.The House Financial Services Committee chairman on Wednesday hosted the first hearing this year on his Financial CHOICE Act, a nearly 600-page bill that amounts to a sweeping rebuke of the massive Dodd-Frank law that passed after the 2008 financial crisis.The Consumer Financial Protection Bureau would reined in. The "too big to fail" label for banks would disappear. Financial institutions would face fewer exams from federal regulators. And banks would receive renewed abilities to make some riskier financial bets."Economic growth for all, bank bailouts for none," Hensarling said. "That's at the core."  Continue reading...

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