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Banks Eye Further Changes to Dodd-Frank

Emboldened by swap victory in current spending bill, Wall Street considers agenda for further Dodd-Frank rollback when Republicans control the Senate.

By Kathleen Hunter and Erik Wasson, Bloomberg | Updated on December 15, 2014

Banks and Dodd-Frank Act foes on Capitol Hill, close to achieving their biggest financial-regulation rollback since the 2008 credit crisis, are already looking to next year for more wins.

Wall Street firms such as JPMorgan Chase & Co. and Goldman Sachs Group Inc. and regional counterparts like PNC Financial Services Group Inc. and SunTrust Banks Inc. will be counting on Republican control in both houses of Congress to speed up reversal of what they call the overreach of the 2010 regulatory law.

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