ENACTED THREE years ago, the Dodd-Frank financial reform law remains a work in progress, as federal bank regulators attempt to convert its broad mandates into operational rules. Alas, special-interest groups are busily bending the rule-making process to their advantage. Case in point: the recent announcement of a proposed regulation that would weaken Dodd-Frank’s main mechanism for avoiding another meltdown in the mortgage-backed-security market.
- Risk Rule Issued Under Dodd Frank (landsdssustainable.com)
- Lawler: Regulators “Caving” on QRM (calculatedriskblog.com)