Obama Defends Wall Street Reform, Pushes For More Regs

Law360, New York (March 7, 2016, 7:02 PM EST) -- Following a meeting with financial advisers, President Barack Obama said Monday the steps his administration has taken to rein in Wall Street following the financial crisis have been successful, but that he still intends to push for further regulations.

The formation of the Consumer Financial Protection Bureau and greater capital requirements, among other moves, have strengthened the country financially, the president said before urging voters and reporters to push Congress for further action.

“If there is a significant challenge in terms of regulating Wall Street and regulating our financial sector, it is primarily coming from certain members of Congress who are...

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