Dodd-Frank still has some issue with how banks handle reserves and some of the more complex instruments but overall working well along with consumer protections. The GOP wants to restore Glass Steagall that prevented Banks from engaging in investing.
Quote:
President Obama and Sen. Elizabeth WarrenElizabeth (D-Mass.) appeared together in the White House’s weekly address on Saturday to mark the six-year anniversary of the Dodd-Frank Act.
“He signed into law the toughest Wall Street reforms and strongest consumer protections in generations,” Warren said of Obama. “Trust me – I’m a pretty tough grader. These new rules are making our financial system more transparent, getting rid of a lot of fine print, and making sure that if a bank screws up, you have someone to call so you don’t get stuck with the bill.”
The two also hailed the Consumer Financial Protection Bureau, which Warren masterminded and was created as part of Dodd-Frank.
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Obama, Warren tout six-year anniversary of Dodd-Frank | TheHill
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