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Maryland banks still nurse hopes for Dodd-Frank changes
Maryland’s banking industry continues to seek reforms to the Dodd-Frank Wall Street Reform and Consumer Protection Act put in place after the Great Recession to right a troubled financial sector. Smaller, regional banks have been adversely affected by the regulations, according to industry advocates like the Maryland Bankers Association, the Independent Community Bankers of America […]
Md. banks keep an eye on potential Dodd-Frank changes
Bankers in Maryland remain watchful of efforts to repeal large portions of Dodd-Frank, the 2010 law created to impose tough regulations on the industry in the wake of the 2008 financial crisis. Earlier this month, the House of Representatives passed the Financial Choice Act, which would get rid of the Department of Labor’s fiduciary rule and […]
Trump moves to scale back financial regulations
( Updated at 4:05 p.m.) WASHINGTON — President Donald Trump is taking his first steps aimed at scaling back financial services regulations, and the Republican-run Congress cast a vote early Friday signaling that it’s eager to help. The president signed an executive order that will direct the Treasury secretary to review a 2010 financial oversight […]
