Dodd-Frank Scores Low Marks From Chamber Of Commerce

Law360, New York (March 27, 2012, 1:36 PM EDT) -- The U.S. Chamber of Commerce on Tuesday said the dramatic financial regulatory overhaul put in place following the 2008 financial crisis was largely incomplete, but that many of the steps regulators had already taken would likely end up harming American businesses.

The nation's top business lobby said that in areas ranging from the creation and mandate of the U.S. Consumer Financial Protection Bureau to the regulation of over-the-counter derivatives to the Volcker Rule's ban on proprietary trading by banks, Congress overreached with the Dodd-Frank Act and...
To view the full article, register now.