Biggest rollback of bank rules since Dodd-Frank clears House; Citizens, Santander no longer too big to fail

IN LEGISLATION PASSED by the U.S. House of Representatives and the U.S. Senate, Citizens Bank would receive less strict Federal Reserve oversight as the legislation raises a key asset threshold from $50 million to $250 million. / BLOOMBERG FILE PHOTO/KELVIN MA
NEW YORK - The U.S. House has approved a sweeping overhaul of bank regulations, sending to President Donald Trump a bill that will give him a chance to make good on his vow to “do a big number” on the Dodd-Frank Act. Lawmakers voted 258-to-159 Tuesday to advance a measure that is the product of…

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