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Bill easing bank regulations heads to Trump, but falls short of overhaul GOP wanted

Bill easing bank regulations heads to Trump, but falls short of overhaul GOP wanted

Bipartisan legislation focused on easing regulations for small and midsize banks passed the House on Tuesday and headed to President Trump for his expected signature.

Although the bill provides some significant relief for larger financial institutions, it falls short of the sweeping overhaul of the Dodd-Frank post-crisis reforms that Trump and most Republicans wanted.

The beneficiaries of most of the changes are community banks, which have complained that tougher regulations spurred by the 2008 financial crisis have unfairly made it more difficult for them to operate.

They’ll get a break from new mortgage rules if they make fewer than 500 mortgages a year, which...

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