Mnuchin talks Glass-Steagall, GSE reform and reg relief at key hearing | American Banker

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WASHINGTON — Treasury Secretary Steven Mnuchin tackled a host of hot financial topics on Thursday, including saying he did not favor breaking up the big banks, committing to preserving the 30-year fixed-rate mortgage and broadly endorsing a two-tier regulatory system for big and small institutions.

During a hearing at the Senate Banking Committee, Mnuchin was pressed for his views on housing finance reform, what a “modernized” version of the Glass-Steagall Act would look like and more information on an upcoming series of Treasury reports about the regulatory system.

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