Newsletter Sign Up Continue reading the main story Please verify you're not a robot by clicking the box. Democratic Senator Elizabeth Warren, a critic of Wall Street, said it would "make it easier for big banks to cheat their customers and spark another financial meltdown." "The Treasury proposal advances ideas that have been pushed by industry lobbyists since Dodd-Frank was passed," said Lisa Donner, executive director of Americans for Financial Reform. "We need more effective regulation and enforcement, not rollbacks driven by Wall Street and predatory lenders." Although the White House and Congress are led by Republicans, Democrats in the Senate can block legislation and are unlikely to support any overhaul that eases rules on big banks.

Source: New York Times June 13, 2017 06:39 UTC