Under heavy pressure from Democrats, the Senate Banking Committee has postponed its vote on regulatory relief legislation until July 29.

Sponsored by Sens. Richard C. Shelby, R-Ala., and Connie Mack, R-Fla., the bill would roll back more than 40 banking rules and permit the payment of interest on required reserves and business checking accounts.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.