Home \ Newsroom \ Dodd-Frank foes on path to court

Dodd-Frank foes on path to court

"The biggest hazard for President Barack Obama’s hallmark Wall Street reforms may not lurk in the halls of Congress or on the campaign trail, but rather in the courts."

"Obama has repeatedly underscored that the Dodd-Frank law will protect consumers and end taxpayer bailouts, while Republicans, including their presidential contenders, claim the avalanche of new regulations is squelching economic growth."

"Now, emboldened by a District of Columbia circuit court ruling last summer that found the Securities and Exchange Commission 'acted arbitrarily and capriciously here because it neglected its statutory responsibility to determine the likely economic consequences' of a new rule, opponents are preparing to challenge Dodd-Frank in a flurry of legal briefs."

Share This Article: