Royce Favors 'Fixing' Dodd-Frank

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WASHINGTON-Unlike other House Republicans, Rep. Ed Royce is not looking to repeal outright the Dodd-Frank regulatory reform law, but the California lawmaker is likely to try and clip its wings.

Royce is focused on specific "fixes" he wants to make in the law. They include dialing back the resolution powers given to the FDIC, subjugating the new consumer protection agency to the banking regulators and abolishing overleveraging throughout the financial system.

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