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Fact Sheet: Return of the CLO Attack on the Volcker Rule

Just weeks after receiving a green light to once again trade high-risk derivatives with taxpayer support in the 2014 Omnibus, Wall Street and their allies are seeking to carve another loophole in Dodd-Frank. This time they are seeking an additional two years to come into compliance with key provisions of the Volcker Rule, a move that Mr. Volcker has criticized as nothing more than a ploy by the big banks to pad their bottom lines.