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The U.S. Congress repealed the law on tougher Bank regulation

On Friday, June 9, U.S. Congress, 233 votes against 186, approved the elimination of the greater part of Dodd-Frank, also known as the Law on reforming wall Street and protecting consumers.

A law passed in 2010, was a reaction to the financial crisis of 2008 and significantly tightened the control over financial institutions.

It should be noted that the law was carried by the Democratic party controlled Congress with almost unanimous protest on the part of Republicans.

The U.S. Congress repealed the law on tougher Bank regulation

15.06.2017

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