Support for the Senate’s regulatory relief bill proposing numerous amendments to the Dodd-Frank Act has been easy to come by among financial trade organizations, as well as Republicans and a handful of Democrats in Washington, D.C.
However, as the legislation heads to the House for possible revisions that could impact its timetable for becoming law, consumer advocates and a majority of Democrats continue to condemn the bill as handout for Wall Street that exposes consumers to greater risk.
Find out what aspects of the bill are drawing pushback and how trade leaders have responded.