Senate Banking Committee Chairman Christopher Dodd said Wednesday he is worried that the congressional intent of some key aspects of the new, sweeping bank-reform law will be distorted as regulators write rules based on the statute. The 2,300-page statute, which was signed into law by President Barack Obama on July 21, imposes new regulations and restrictions on big banks in the wake of the financial crisis that shook the economy in 2008. Regulators are charged with writing over 200 rules based on the law.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time?
U.S. existing-home sales fell in January, declining 1.3% from the previous month’s pace, according to the National Association of Realtors.