Fannie Mae

Mnuchin calls for major rollbacks of Dodd-Frank financial regulations

Mnuchin calls for major rollbacks of Dodd-Frank financial regulations

Treasury Secretary Steven T. Mnuchin on Monday proposed sweeping changes to the tough Dodd-Frank regulations put in place after the 2008 financial crisis, including a major reduction in the power of the Consumer Financial Protection Bureau and other rollbacks long desired by Wall Street.

In a 149-page report ordered by President Trump, Mnuchin also recommended reducing oversight of large financial institutions, providing even more regulatory relief for smaller banks and loosening new mortgage restrictions designed to prevent a repeat of the subprime...

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