Implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act is slow moving at best, according to a recent progress report from international law firm Davis Polk & Wardwell LLP.
Of the 221 rule making deadlines that have passed to date as of June 1, just one third have been met, leaving 66.7%, or 148 deadlines that have been missed, Davis Polk says.
The 221 passed deadlines represent just more than half of all rule making requirements as specified under the law.
View the report card.
Written by Elizabeth Ecker
