Many in the banking industry are very pleased with the Federal Reserves’ decision to ease restrictions that had been imposed by the Dodd-Frank Act passed in 2010.

The strict rules were put in place following the 2008 financial crisis.

These changes will ease rules when it comes to capital and liquidity standards and also on the living wills big banks must develop in case they fail.

Source: https://www.pbs.org/newshour/economy/federal-reserve-approves-rules-to-loosen-bank-restrictions