President Obama urges financial regulators to speed up reforms
Agencies continuously miss regulatory deadlines
According to Reuters, prudential regulators have continuously missed deadlines for finalizing or rolling out new financial rules. The situation is concerning enough to raise the ire of President Barack Obama, who is asking for a more expedient process. The delays are often the result of regulators taking extra time to collect comments and feedback. Reuters has more on the president's concerns:
"The president commended the regulators for their work but stressed the need to expeditiously finish implementing the critical remaining portions of Wall Street reform to ensure we are able to prevent the type of financial harm that led to the Great Recession from ever happening again," the White House said.