Reuters reported small lenders will gain more than major banks from the Dodd-Frank rollback passed by Congress.
According to Reuters, the bill reduces federal oversight of banks between $50 billion and $250 billion in assets and eases lending, capital and trading rules for smaller lenders, but analysts agree it does little to help the nation’s largest lenders.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!