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Christopher Dodd

Senate GOP adds Dodd-Frank rewrite to $21B funding bill

Senate Republicans are trying to use a must-do spending bill to advance legislation significantly revising a landmark law that tightened regulation of the financial services industry after the 2008 financial crisis. The measure approved Wednesday by a Senate panel would ease requirements on smaller banks and give lenders greater freedom from mortgage lending rules. The legislation is opposed by Democrats who argue that the 2010 Dodd-Frank law strengthened protections for consumers and reduced the odds for a repeat of the Great Recession following the 2008 financial meltdown. The measure cleared the Banking Committee on a party-line vote two months ago and appears unlikely to pass the...

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