Using Coronavirus, GOP Wins Long-Desired Bank Deregulation

Republican lawmakers and finance industry lobbyists are using
the coronavirus pandemic to press regulators into rapidly waiving
financial safeguards for community banks.
And so far, banking regulators have obliged, lifting rules imposed
after the 2008 crisis that limit risk-taking and require banks to
undergo more strenuous audits.

Publisher: The Intercept | Author: Lee Fang

TAGS
banks, corruption, covid-19, governance, republicans, and trumps america
DATE PUBLISHED
2020-05-09 (Modified: 2020-05-09)

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https://theintercept.com/2020/05/08/coronavirus-republicans-bank-deregulation-loans/

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