In examining what was the top of mind news amid regulatory reforms and action, the biggest event (stateside at least) was, of course, the legislation approved by the U.S. House of Representatives to roll back tenets of the 2010 Dodd-Frank Act.
Passed strictly along party lines (with Republicans voting aye, Democrats voting nay), the vote was mostly symbolic in nature, as the bill, the Financial Choice Act, has little chance of being passed “as is” in the Senate, which is also working on its own legislative overhaul targeting financials.