Latest / US News Today | 2 Min News | The Daily News Now!
Bessent Pushes for Smarter Bank Rules | US News
Treasury Secretary Scott Bessent fired a blistering shot at current banking regulations at the G20, arguing they’re crushing small banks and stifling Main Street. He warned that post-2008 rules have shuttered half the nation’s community lenders and turned them into “too small to succeed” institutions — a far cry from Dodd-Frank’s original goal of preventing “too big to fail.” Bessent pushed for deregulation to unlock billions for small businesses, citing a surge in new bank charter applications — already outpacing the entire prior administration — driven by fintech and digital asset firms…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.