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Warren and Cummings Ask Financial Regulators About Risks to Banks and Taxpayers from Swaps Trading

Members Call for More Transparency after Legislation Gutted Dodd-Frank Provision

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Washington, DC –(ENEWSPF)–July 16, 2015.  Today, United States Senator Elizabeth Warren and Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, sent letters requesting information from federal financial regulators about risks posed to taxpayers after last year’s partial repeal of Section 716 of the Dodd-Frank Act, which had been designed to prevent bailouts to banks and other financial entities…

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