The Senate is set to eliminate many restrictions that were placed on banks in the wake of the last global financial crisis with an overhaul of the law known as Dodd-Frank.
The Dodd–Frank Wall Street Reform and Consumer Protection Act was passed in 2010 “to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end “too big to fail”, to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.”
Who’s right? And what will it mean for you?
- Sen. Bernie Sanders Member, U.S. Senate (I-Vt.); author of "The Speech: A Historic Filibuster on Corporate Greed and the Decline of Our Middle Class."
- Evan Weinberger Assistant managing editor, Bloomberg Law
- Joe Valenti Director of Consumer Finance, Center for American Progress
- Paul Merski Executive vice president and chief economist, Independent Community Bankers of America
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