If Wall Street firms thought the backlash to its roll-back of stricter derivatives rules had died down, Senator Elizabeth Warren and a colleague in the House have different plans.
Warren, a Massachusetts Democrat, and Representative Elijah Cummings, a Maryland Democrat, are asking financial regulators including the Federal Reserve and Federal Deposit Insurance Corp. for information about how last year’s easing of a key Dodd-Frank Act requirement exposes taxpayers to the risk of future bailouts.
