Analysis

What Banks Can Expect Now That The US House Has Flipped

Law360 (November 7, 2018, 1:14 AM EST) -- With the U.S. House of Representatives set to return to Democratic control for the first time in nearly a decade, financial services attorneys are bearish on the chances of any major banking legislation passing the next Congress but also don’t expect to see the House Financial Services Committee to sit on its hands.

House Democrats had claimed victory in the midterm election by late Tuesday evening, although the magnitude of their win remained unclear as of publication. 

While the changeover result means that one of the House’s most liberal members — longtime California Democrat Rep. Maxine Waters — will likely be...

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