Bill Would Order Dodd-Frank, CFPB Be Part of Reg Review

Sen. Mike Crapo, R-Idaho, unveiled legislation Friday that would require the banking agencies to review Dodd-Frank Act rules as part of a mandated process to assess the relevance of financial rules. Regulators have moved into the second phase of their pending review - required every 10 years under the 1996 Economic Growth and Regulatory Paperwork Reduction Act - to identify "outdated, unnecessary or unduly burdensome" rules.

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