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National News

May 22, 2018 - 11:00 PM

U.S. President Donald Trump delivers the State of the Union to a joint session of the U.S. Congress on Capitol Hill on Tuesday, Feb. 4, 2020 in Washington, D.C. Photo by (Yuri Gripas/Abaca Press/TNS)

Congress loosens banking regulations

WASHINGTON (AP) — Congress has moved to dismantle some key rules for banks that were installed to prevent a replay of the 2008 financial crisis.

The House voted 258-159 Tuesday to approve legislation rolling back the landmark Dodd-Frank law, sending the bill to President Donald Trump. He is poised to sign it into law to deliver on a campaign pledge of gutting Dodd-Frank.

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