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Fed to vote next week on rewriting Volcker Rule

By Joseph Lawler
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Fed to vote next week on rewriting Volcker Rule

Federal Reserve governors will vote next week on proposing changes to the Volcker Rule, the central bank announced Wednesday.

A formal proposal would be the first step in the Trump administration’s reworking of the rule to ease burdens on banks. The rule, a centerpiece of the 2010 Dodd-Frank reform, prohibits banks from speculative trades.

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Dodd-Frank Act Federal Reserve Finance Regulations Volcker Rule