Financial CHOICE Act, Replacement for Dodd-Frank, Passes Out of Committee

The Dodd-Frank Act of 2010 was meant to help solve the financial crisis, but in fact it did nothing to change the situation and made the problem worse. Instead, it doubled down on the bank regulatory regime that failed to prevent the financial crisis. In fact, Dodd-Frank regulates extraneous issues such as debit card interchange fees and accounting for conflict minerals that had nothing to do with the crisis.

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