July 21, 2020

Warren Uses Dodd-Frank Anniversary to Signal Crackdown on Banks

Wall Street critic Elizabeth Warren and other Democrats signaled Tuesday that if they regain power, the lax oversight the financial industry has enjoyed during the Trump administration is coming to an end.

Senator Warren, a Massachusetts Democrat, was among current and former politicians who participated in a virtual conference to mark the 10th anniversary of the Dodd-Frank Act. She said President Donald Trump and Republican lawmakers have failed in their attempts to gut the law, and now Democrats are well positioned to keep defending its key planks, including the creation of the Consumer Financial Protection Bureau.

“We bent the levers of power in Washington to benefit working families over the wealthy and well connected,” she said. “Donald Trump and the Republicans really can’t stand Dodd-Frank and the CFPB because it shows that government can be a powerful force for good.”

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Read the full article on the Bloomberg website here. 


By:  Skylar Woodhouse
Source: Bloomberg