AirTalk®

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House unveils Dodd-Frank replacement, but will it go the way of ACA repeal?

by AirTalk®

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House Financial Services Committee Chairman Jeb Hensarling (R-TX) lowers the gavel on a hearing where Federal Reserve Chair Janet Yellen House testified in the Rayburn House Office Building. Chip Somodevilla/Getty Images

President Trump and Congressional Republicans have vowed to repeal the Dodd-Frank Act.

It was passed in 2010 to address the meltdown of US financial companies two years earlier. Democrats claim it's helped consumers and curbed riskier lending. Republicans say it's stifled banking competition and lending. AirTalk will debate a House replacement plan - and its chances for passage.

Guests:

Rob Tricchinelli, reporter covering financial regulation for Bloomberg BNA1; he tweets @RobTrichinelli

Nicole Gelinas, senior fellow at the Manhattan Institute and a columnist at the New York Post

Joe Valenti, director of consumer finance at the Center for American Progress

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