Dodd-Frank

Susan Walsh / AP

The Federal Reserve says all of the country’s big banks passed this year’s stress test, in which regulators create a scenario where unemployment surges and banks lose hundreds of billions of dollars in loans. They then ask what that would do to a bank’s balance sheet.

Cliff Owen / AP

U.S. House Republicans fulfilled a campaign promise on Thursday by passing the Financial Choice Act along party lines. The bill attempts to undo much of Dodd-Frank, the financial regulation law created after the great recession.

WSHU

About a dozen Long Islanders protested outside the offices of Republican Representatives Peter King and Lee Zeldin for their support of President Trump’s Financial CHOICE Act.

thenails / Creative Commons

Congressional Republicans have released a draft of their plan to replace Dodd-Frank, which was passed in order to fix abuses in the financial system.

Pages