The collapse of two key banks last week has sparked a debate over the 2018 decision to roll back Dodd-Frank protections, which was supported by 17 Senate Democrats. While some have argued that it was necessary to provide relief to community banks, others have argued that it has weakened the ability of regulators to protect consumers and has allowed banks to take on too much risk. The economic fallout from the collapse of the two key banks and the implications of the legislation will be important to consider in the coming weeks and months.
