House Republicans Vote to Roll Back Consumer Financial Protection Rules

Dodd-Frank Was Enacted After 2008 Meltdown

“House lawmakers on Thursday advanced the “crown jewel” of the GOP-led regulatory reform effort, effectively gutting the Dodd-Frank financial regulations that were put in place during the Obama administration,CNN Money reports.

“‘It’s shameful that Republicans have voted to do the bidding of Wall Street at the expense of Main Street and our economy,’ said Maxine Waters, the top Democrat on the House panel.”

“The bill passed despite vehement objections by Democrats to preserve the sweeping law aimed at preventing another financial crisis and protecting American consumers.”

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