Regulators' Retreat May Spur New Volcker Fights

Law360, New York (January 6, 2014, 6:26 PM EST) -- An unexpected legal challenge to the Volcker Rule from community banks has spurred regulators to consider still more tweaks to the controversial provision, a regulatory stance that experts say could make it easier for other trade groups to launch assaults against the sweeping regulation.

While it was widely expected that bank trade associations would launch some sort of a challenge to the Dodd-Frank Act's ban on proprietary trading by federally insured banks, a Christmas-week lawsuit filed by the American Bankers Association and a pair of community...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.