more regulatory regulations of banks

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Maxine Waters has a clear message for the banking sector: once she becomes chair of the House's powerful committee on financial services, banking regulations will no longer be relaxed."data-reactid =" 15 ">Maxine Waters has a clear message for the banking sector: once she becomes chair of the House's powerful committee on financial services, banking regulations will no longer be relaxed.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = ""Make no mistake," Waters said at the committee's first hearing since the mid-term election in which the Democrats won. "In January, in our committee, committee days weakening regulation and exposing our economy again to the risk of a new financial crisis will come to an end.""data-reactid =" 16 ">"Make no mistake," Waters said at the committee's first hearing since the mid-term election in which the Democrats won. "In January, in our committee, committee days weakening regulation and exposing our economy again to the risk of a new financial crisis will come to an end."

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Waters has sharply criticized Congress's efforts to revise the post-crisis Dodd-Frank financial regulatory framework, a law criticized by some politicians as too restrictive for the banking sector. "data-reactid =" 17 ">Waters has sharply criticized Congress's efforts to revise the post-crisis Dodd-Frank financial regulatory framework, a law criticized by some politicians as too restrictive for the banking sector.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Earlier this year, a handful of moderate Democrats team up with the GOP to reduce parts of the Dodd-Frank Act, which broadly offered regulatory relief to institutions with total assets of less than $ 250 billion."data-reactid =" 18 ">Earlier this year, a handful of moderate Democrats team up with the GOP to reduce parts of the Dodd-Frank Act, which broadly offered regulatory relief to institutions with total assets of less than $ 250 billion.

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The Fed, which now has Randal Quarles, appointed by Trump, in charge of banking regulation, has since granted regulatory relief to some banks above this threshold. In the United States, Bancorp (USB), PNC Financial (PNC), Capital One (COF) and Charles Schwab (SCHW). will also see less paperwork on their cash and financing needs."data-reactid =" 30 ">The Fed, which now has Randal Quarles, appointed by Trump, in charge of banking regulation, has since granted regulatory relief to some banks above this threshold. In the United States, Bancorp (USB), PNC Financial (PNC), Capital One (COF) and Charles Schwab (SCHW). will also see less paperwork on their cash and financing needs.

"Let's keep them confused, I like it like that."

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Quarles, who testified Wednesday before the Financial Services Committee, insisted that this proposal was part of the Fed's efforts to examine "other risk indicators beyond size"In its regulatory framework. "data-reactid =" 32 ">Quarles, who testified Wednesday before the Financial Services Committee, insisted that this proposal was part of the Fed's efforts to examine "other risk indicators beyond size"In its regulatory framework.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Waters called Mr Dodd-Frank's "setbacks" as "bad" and blamed the Fed, which now has only one Obama-era representative, from the United States. have weakened the capital standards of the largest banks. Quarles said the banks still had cash and capital above pre-crisis levels and that the proposals were aimed at reducing the compliance burden."data-reactid =" 33 ">Waters called Mr Dodd-Frank's "setbacks" as "bad" and blamed the Fed, which now has only one Obama-era representative, from the United States. have weakened the capital standards of the largest banks. Quarles said the banks still had cash and capital above pre-crisis levels and that the proposals were aimed at reducing the compliance burden.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Waters and the Democrats face a tough battle if they try to reverse the regulatory changes made in the first two years of Trump's presidency. The Fed and other regulators in the banking sector have already adopted the Dodd-Frank invalidation measures. who are headed by Trump-named. But the main obstacles are a Republican-controlled Senate and a Trump veto that would prevent House Democrats from passing laws."data-reactid =" 34 ">Waters and the Democrats face a tough battle if they try to reverse the regulatory changes made in the first two years of Trump's presidency. The Fed and other regulators in the banking sector have already adopted the Dodd-Frank invalidation measures. who are headed by Trump-named. But the main obstacles are a Republican-controlled Senate and a Trump veto that would prevent House Democrats from passing laws.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "For its part, Waters has expressed interest in working with Republican colleagues to do the job. She said on Wednesday that the press and the general public did not know if Waters was capable of doing bipartisanship, acknowledging that she was expecting her to attack at the GOP more. that she does not cooperate with them. "data-reactid =" 35 ">For its part, Waters has expressed interest in working with Republican colleagues to do the job. She said on Wednesday that the press and the general public did not know if Waters was capable of doing bipartisanship, acknowledging that she was expecting her to attack at the GOP more. that she does not cooperate with them.

"Keep them confused," said Waters. "I like it like that – in fact, the more confused they are, the more chances I have to win."

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Republican Republican Jeb Hensarling, current chair of the House's Financial Services Committee, said he appreciated the few moments he and Waters had been able to agree on certain issues. Hensarling extended an olive branch as the present Congress was preparing to end."data-reactid =" 37 ">Republican Republican Jeb Hensarling, current chair of the House's Financial Services Committee, said he appreciated the few moments he and Waters had been able to agree on certain issues. Hensarling extended an olive branch as the present Congress was preparing to end.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = ""In private, I told him that the majority was ready and willing to do everything possible so that a peaceful transfer of power can be made to this committee," Hensarling said."data-reactid =" 38 ">"In private, I told him that the majority was ready and willing to do everything possible so that a peaceful transfer of power can be made to this committee," Hensarling said.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Hensarling retires from the committee, which means that a new Republican will have to lead the charge on the minority side. North Carolina Republican Patrick McHenry, who once had high ambitions for the House of Representatives' GOP leadership, has announced his intention to run for Republican on the Financial Services Committee."data-reactid =" 39 ">Hensarling retires from the committee, which means that a new Republican will have to lead the charge on the minority side. North Carolina Republican Patrick McHenry, who once had high ambitions for the House of Representatives' GOP leadership, has announced his intention to run for Republican on the Financial Services Committee.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = ""I am quite willing to fight the Democrats' efforts to use this committee to undo our successes of the last two years or to use the committee as a launching pad for endless partisan inquiries," he said. McHenry in a statement, November 8. threatened to use the committee's hammer to issue subpoenas to financial institutions regarding Trump's trading relationship."data-reactid =" 40 ">"I am quite willing to fight the Democrats' efforts to use this committee to undo our successes of the last two years or to use the committee as a launching pad for endless partisan inquiries," he said. McHenry in a statement, November 8. threatened to use the committee's hammer to issue subpoenas to financial institutions regarding Trump's trading relationship.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Brian Cheung is a journalist covering the banking sector and the intersection of finance and Yahoo Finance policy. You can follow him on Twitter @bcheungz."data-reactid =" 41 ">Brian Cheung is a journalist covering the banking sector and the intersection of finance and Yahoo Finance policy. You can follow him on Twitter @bcheungz.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Read more:"data-reactid =" 42 ">Read more:

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<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Trump's target, Maxine Waters, on the verge of taking the lead in banking regulation"data-reactid =" 44 ">Trump's target, Maxine Waters, on the verge of taking the lead in banking regulation

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