Barney Frank: Killing Dodd-Frank Could Lead To Another Crash

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Barney Frank: Killing Dodd-Frank Could Lead To Another Crash

Feb, 13th 2017

Barney Frank, 76, is retired and hopscotching around the world for speeches and conferences.

But the former Democratic congressman from Massachusetts is speaking out, worried that President Trump’s assault on one of Frank's signature legislative achievements could trigger another financial crash.

In 2010, Frank, who was then the House Financial Services Committee chairman, joined with Sen. Chris Dodd (D-Conn.) to co-sponsor and spearhead passage of the Dodd–Frank Wall Street Reform and Consumer Protection Act.

The comprehensive law introduced sweeping changes in the financial industry, ranging from limits on risky loans and predatory lending to establishing a powerful watchdog agency, the Consumer Financial Protection Bureau.

Last week, President Trump signed executive orders to roll back key financial regulations of the Obama era, including restrictions in Dodd-Frank.

In an interview with USA...

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