Regulators Lagging On Dodd-Frank Rule-Making: Report

Law360, New York (March 2, 2012, 2:43 PM EST) -- Federal regulators are falling behind in creating the new rules required by the financial reform law enacted by Congress in 2010, having already blown more than 70 percent of their rule-making deadlines, according to a report released Thursday by Davis Polk & Wardwell LLP.

Of the 225 rules required by the Dodd-Frank Wall Street Reform and Consumer Protection Act whose deadlines had passed as of March 1, regulators haven’t met 158 of the deadlines, the report said. Regulators haven’t yet issued proposals on 24 of those...
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