CFTC Delays Rules To Curb Banks' Voting Power

Law360, New York (January 12, 2011, 6:53 PM EST) -- The U.S. Commodity Futures Trading Commission on Wednesday reportedly delayed a vote on rules to curb banks' voting power over derivatives clearing and other trading venues — a component of the financial regulatory overhaul passed in 2010 by Congress.

The vote had been scheduled for Thursday but was pushed to an unspecified later date, according to multiple news outlets. A request for additional comment from the agency was not immediately returned on Wednesday afternoon.

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 empowered...
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