Financial firms and consumers lent or borrowed too much, and regulators failed to act on warning signs before this excessive risk-taking spiraled out of control. These restrictions are just one example of the myriad extra rules firms must now keep in mind as they make day-to-day business decisions. Have the government set simple guidelines about what financial firms are allowed to do, and then let the markets decide the rest. But Republican critics say regulators needlessly limited the methods by which banks are allowed to execute such trades. But critics say restraining the bureau would lead to more lending and availability of credit.

Source: Wall Street Journal April 25, 2017 02:12 UTC