Enactment of the bill would hand President Trump "another victory in his effort to slash rules on the private sector."
The Financial Choice Act passed the House on a party-line vote but “there is zero chance that [it] survives” in its current form in the Senate.
The proposed law would significantly amend the Dodd-Frank Act and restore flexibility to financial institutions.
A watchdog says the Fed needs to disclose more about how it assesses whether banks would maintain sufficient capital in a future crisis.
Critics of the consumer protection agency welcomed the decision but the D.C. Circuit stopped short of shutting it down.
Three Republican lawmakers tell Mary Jo White that the proposed rule would be unduly costly and detract from more important SEC priorities.
