The Christian Science Monitor

Post-crisis banking rules: now altered but not undone

When President Trump signed recent legislation to lighten regulations on financial firms, supporters called it a long-overdue step to remove burdens on smaller banks. But critics see risks to the economy in the legislation, which rolled back portions of the 2010 Dodd-Frank Act.

A key point, perhaps lost in the shuffle of debate over the measure, is that core provisions of the Dodd-Frank Act remain in place, and many financial experts say the act has encouraged banks to become safer in the years since the Great Recession. 

At the same time, between

Q: What’s the Dodd-Frank Act again?Q: What does the recent legislation aim to do?Q: What are the measure’s critics saying?Q: What’s the political message from this bill’s passage?Q: What’s next for the economy?

You're reading a preview, sign up to read more.

More from The Christian Science Monitor

The Christian Science Monitor3 min readPolitics
Monday Sunrise Briefs: Hong Kong and Portland protests, Venezuela
Here are three news events this weekend: A big, peaceful protest in Hong Kong, secret talks about Venezuela, and an alt-right rally in Portland.
The Christian Science Monitor1 min readSociety
One Woman’s Quest: Use Art To Bring Focus To Marriage
The beautiful designs of Nushmia Khan’s nikahnamas – Islamic marriage contracts – help draw attention to each partner’s rights and responsibilities.
The Christian Science Monitor5 min read
A School Bus With Hoofs: How One Town Embraces Sustainability
Ungersheim’s environmentally friendly initiatives include ones that promote renewable energy. Local leaders across Europe are taking notes.