U.S. Consumer Financial Protection Bureau

House bill would relax bank rules aimed at averting crash

The House approved legislation Thursday easing bank curbs that Democrats imposed to prevent another financial crisis, as Republicans offered a symbolic preview of regulatory changes they plan to pursue after President-elect Donald Trump takes office.

The GOP bill targets the landmark Dodd-Frank law, which President Barack Obama and Democrats enacted to rein in Wall Street following the financial crisis that struck in 2008. Trump urged during his campaign that the 2010 law be dismantled, and his transition team has set that as a goal.

The House measure has virtually no chance of passage by the lame-duck Congress, which could adjourn for the year next week. For good measure,...

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