Financial Services Report – Summer 2018

BELTWAY -

The Wayback Machine -

Congress passed, and on May 24, 2018, the president signed into law, the Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155). The law makes significant changes to the Dodd-Frank Act, including a relaxation of thresholds for the application of certain regulatory requirements (e.g., the Volcker Rule, mortgage underwriting standards, and stress testing).

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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