Fed’s Barr Cautions of Risks Tied to Looser Wall Street Bank Rules

TL;DR

Reports differ across sources; according to finance.yahoo.com, “Vulnerabilities that result from deregulation may not be apparent today, but they will result in problems that will build over the coming years and could threaten serious harm to the economy.” Trump-era officials have made changes to loosen the rules for Wall Street lenders, including relaxing how much capital big banks must hold as a buffer against potential losses, narrowing the scope of supervision and laying out a path for traditional lenders to better compete with private-credit giants..