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May 15, 2015

Is Shelby’s Reg Relief Proposal a Gift to Big Banks?

If Senate Banking Committee chairman Richard Shelby was hoping to ignite the passions of financial regulation experts across the political spectrum with his proposed regulatory relief bill, he’s certainly succeeded.

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However, Shelby’s proposal could turn out to be a Trojan horse smuggling gifts to large banks, as Dennis Kelleher, head of the public interest group Better Markets, argues. If this is the case, the Alabama senator and his supporters — be they Democrats or Republicans — would do an immense disservice to American taxpayers who could wind up bearing the cost of future bailouts.

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Read the full American Banker article by Mayra Rodríguez Valladares here.

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