Financial CHOICE Act Increases Too Big To Fail Risk – Moody's

The Financial CHOICE Act of 2017, a rollback of Dodd-Frank regulations placed upon banks in particular, would be negative for the bank’s creditworthiness, according to a Moody’s report. The debt ratings agency particularly questions the repeal of the Dodd-Frank provision thatleads to an unwinding of the banksin an “orderly” fashion during a crisis period. The legislation represents “a return to greater risk-taking,” while only providing partial offset by reducing costs for the banks through regulatory roll-back.

Moody’s: Financial CHOICE Act...