Reckless House Republicans Try To Slip Bank Deregulation Into Highway Bill

WASHINGTON — House Republicans are angling to slip two pieces of bank deregulation into a major highway funding bill that is expected to pass with broad bipartisan support.

According to a source familiar with discussions, Republicans are trying to remove tighter regulations that were imposed on banks with at least $50 billion in assets after the 2008 financial crisis. They also are aiming to weaken the Consumer Financial Protection Bureau — a brainchild of Sen. Elizabeth Warren (D-Mass.), which has worked to prevent big banks, payday lenders and other financial firms from… Read more…