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"The most significant attempt to loosen rules imposed in the wake of the 2008 financial crisis is underway as the Senate looks to pass legislation within the next month that would roll back restrictions on swaths of the finance industry .Buoyed by their success in rewriting the tax code, the Trump administration and Republican lawmakers have now set their sights on helping the financial industry, which has been engaged in a quiet but concerted push to relax many post-crisis rules and regulatory obligations, particularly for thousands of small- and medium-sized banks. The Senate is poised to approve significant changes to the post-crisis financial law. Some moderate Democrats are supporting the effort, even as their progressive colleagues warn that it’s too risky."
At www.nytimes.com
