Senate votes to advance bill rolling back Dodd-Frank rules

JUST IN: Senate votes to advance bill rolling back Dodd-Frank rules https://t.co/0yu7RKghMD pic.twitter.com/5JZWWjncai

— The Hill (@thehill) March 14, 2018

Dodd-Frank was created for Wall Street, but it's crushing Main Street. Sen @MikeCrapo's #Relief4MainStreet bill will pass soon, streamlining regulations so smaller lenders aren’t caught up in the web of regulations just makes sense.

— Leader McConnell (@SenateMajLdr) March 14, 2018

The 2010 #DoddFrank law has really hurt small banks in my state. By 2014, more than 40% of the banks in #Oklahoma no longer did mortgage lending at all. That means less opportunity for rural families, farmers, and small businesses. My state needs #Relief4MainStreet. pic.twitter.com/kXX5Qy6lob

— Sen. James Lankford (@SenatorLankford) March 13, 2018

Senator @MikeCrapo's bill right-sizes regulation for community banks and credit unions, who were hit hardest by #DoddFrank. #Relief4MainStreet pic.twitter.com/wGPcNHQkDG

— Senate Republicans (@SenateGOP) March 14, 2018

Dodd-Frank repeal set up for House passage

Dodd-Frank repeal set up for House passage https://t.co/8kBQnFxYml

— Roll Call (@rollcall) June 7, 2017

Rollback of Dodd-Frank will free up capital for small businesses.

Opinion: Trump's executive order is a solid start for Dodd-Frank reform https://t.co/5C3wWZWRn7 pic.twitter.com/j2g9JuLu4o

— Washington Examiner (@dcexaminer) February 4, 2017

Trump Adviser Gary Cohn to @MariaBartiromo: Rollback of Dodd-Frank will free up capital for small businesses. https://t.co/RUjc1t4hqZ

— FOX Business (@FoxBusiness) February 4, 2017

Dodd-Frank “disaster” scaled back by @POTUS exec order- economy on the rise. @SteveForbesCEO joins #Dobbs FBN7p #MAGA #AmericaFirst

— Lou Dobbs (@LouDobbs) February 3, 2017

TRUMP: “WE EXPECT TO BE CUTTING A LOT OUT OF DODD-FRANK” https://t.co/gcjjHkxWFI pic.twitter.com/CUqPvWYsge

— UK News Information (@MyFreedomNews) February 4, 2017

Stunning report: Obama used administrative earmarks to buy Congressional support for his wildly unpopular agenda

◼ Wondering how President Obama convinced politicians to vote for Cap-and-Trade, Obamacare and other unpopular bills that Democrats knew would put their seats at risk? - Doug Ross

◼ ‘Buying’ House Votes for Unpopular Legislation - Heritage.org

At least 32 vulnerable House Democrats received significant federal grant money in the periods leading up to or directly after their votes on at least one of these three pieces of legislation (see charts below), raising concerns that those grants may have been used either to encourage or reward votes in favor of the administration’s position.

...while administrative earmarking is a practice used by nearly every administration, CRS found in a report published in April 2010 — immediately after the time period at issue — that “[b]oth the number and value of earmarks requested solely by the President increased since FY2008.” The number of earmarks had increased by 54 percent, CRS found, while the value of those requests had increased by a whopping 126 percent.

The timing of those requests also suggests political factors at play. Heritage’s Hans von Spakovsky, a former Federal Elections Commissioner, said the administration’s actions “show how taxpayer funds are used for crass political purposes — it is a rank abuse of the government’s power and another sign of this administration’s lack of a moral compass.”

"Due to the rising cost of payment card acceptance, we kindly ask you to pay with cash—especially for purchases under $10"

◼ Debit-Fee Cap Has Nasty Side Effect - Robin Sidel, Wall Street Journal

A new law that was supposed to reduce costs for merchants that accept debit cards has instead sent Mr. Scherr's monthly processing bills much higher and forced him to reassess the way he does business.

"My choice is to raise prices, discount for cash or get an ATM," says Mr. Scherr, a lawyer who has been in the coffee-shop business for more than a decade.

Just two months after one of the most controversial parts of the Dodd-Frank financial-overhaul law was enacted, some merchants and consumers are starting to pay the price....

"There will be some unhappy parties, as there always is when the government gets in the way of the free-market system," says Chris McWilton, president of U.S. markets for MasterCard Inc. He said the company decided that it couldn't sustain the discounts under the new rate model because the old rates had essentially subsidized the small-ticket discounts.