), chairman of the House Financial Services Committee, backed down from seeking amendments to the bill repealing part of Dodd-Frank. (Mike Blake/Reuters)The House will take up a Senate-passed bill rolling back banking regulations, breaking an impasse that imperiled passage of legislation that is backed by the White House, Republicans and some Democrats. But the bipartisan coalition of senators that got the bill through the Senate — over the objections of liberals such as Sen. Elizabeth Warren (D-Mass.) [House-Senate standoff imperils effort to roll back banking rules passed after the financial crisis]In the end Hensarling backed down, leaving the legislation a clear path to passage. The legislation also delivers relief to small banks from mortgage and other rules put in place after the financial crisis.

Source: Washington Post May 08, 2018 16:07 UTC