Calling the Dodd-Frank Act the Democratic legislative Godzilla, Republicans on July 18 adopted a national party platform that calls for deregulation of small banks and a reinstatement of the Glass-Steagall Act.
Glass-Steagall, which established firewalls between investment and consumer banking, was repealed in 1999.
The Republican platform — adopted at the Republican National Convention in Cleveland — does not mention credit unions; the draft Democratic Party platform doesn't either.
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