
Jacob Pramuk
Editor, Politics Team at CNBC
- New York, NY, USA
- in/jacob-pramuk-4779a759
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- Trump signs the biggest rollback of bank rules since the financial crisis24 May 2018—CNBCPresident Donald Trump signed the biggest rollback of bank regulations since the global financial crisis into law Thursday. The measure designed to ease rules on all but the largest banks passed both chambers of Congress with bipartisan support. Backers say the legislation will lift burdens unnecessarily put on small and medium-sized lenders by the Dodd-Frank financial reform act and boost economic growth. Opponents, however, have argued the changes could open taxpayers to more liability if...
- House expected to vote on Senate bill rolling back some bank rules next week15 May 2018—CNBCThe House expects to vote next Tuesday on a Senate-passed bill that would roll back some regulations on banks, four sources told CNBC. One source cautioned, however, that schedules can be fluid and the day of the vote could change. The legislation would mark the biggest rewrite of financial laws since the Dodd-Frank reform act passed after the global financial crisis. It cleared the Senate with bipartisan support in a 67 to 31 vote. But some House Republicans, such as Financial Services...
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