Washington Has 'Amnesia' On Bank Reg Rollbacks: Brown

Law360 (July 24, 2018, 8:38 PM EDT) -- The top Democrat on the Senate Banking Committee said Tuesday that Wall Street is getting its way with recent efforts to relax the post-crisis financial regulatory framework and warned that Washington is in the throes of a “collective amnesia.”

Speaking at an Americans for Financial Reform-organized conference marking the 10th anniversary of the 2008 financial crisis, Sen. Sherrod Brown, D-Ohio, said lawmakers and regulators are repeating the cycle of financial industry deregulation that preceded the financial crisis and prompted the passage of the 2010 Dodd-Frank Act.

“Industry lobbyists have spent every day since 2010 fighting to weaken and roll back the...

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