The Presidential Daily Brief

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    Financial Reform Plan Would Roll Back Crisis-Era Curbs

    Full speed ahead. That’s the spirit of the Treasury Department’s plan for unraveling post-2008 industry regulations enacted to prevent future financial crises. Treasury Secretary Steven Mnuchin said the proposals attempt to balance “undue, burdensome regulations” while protecting taxpayers, but one financial reform advocate said the changes would take already watered-down protections and “dilute them away to nothing.” A bright spot for home-buyers is the report’s recommendation to relax requirements for federal mortgage guarantees — despite the fact that loose lending fueled the housing bubble.

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