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Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 19 August 2013 [View all]xchrom
(108,903 posts)17. Obama to Meet Financial Regulators on Dodd-Frank Implementation
http://www.bloomberg.com/news/2013-08-19/obama-to-meet-financial-regulators-on-dodd-frank-implementation.html
President Barack Obama is meeting today with Federal Reserve Chairman Ben S. Bernanke and other financial regulators for an update on implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The closed-door meeting at the White House, listed at 2:15 p.m. on the presidents schedule, also will include Treasury Secretary Jacob J. Lew, the Comptroller of the Currency, the director of the Consumer Financial Protection Bureau, the acting director of the Federal Housing Finance Agency, and the chairmen of the Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, National Credit Union Administration, and Securities and Exchange Commission.
The Dodd-Frank Act, signed into law by Obama in July 2010, expanded the central banks power to oversee the largest financial institutions and gave regulators new tools aimed at preventing a repeat of the 2007-2009 financial crisis.
***must be the bi-annual meeting of the Mutual Admiration Society.
President Barack Obama is meeting today with Federal Reserve Chairman Ben S. Bernanke and other financial regulators for an update on implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The closed-door meeting at the White House, listed at 2:15 p.m. on the presidents schedule, also will include Treasury Secretary Jacob J. Lew, the Comptroller of the Currency, the director of the Consumer Financial Protection Bureau, the acting director of the Federal Housing Finance Agency, and the chairmen of the Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, National Credit Union Administration, and Securities and Exchange Commission.
The Dodd-Frank Act, signed into law by Obama in July 2010, expanded the central banks power to oversee the largest financial institutions and gave regulators new tools aimed at preventing a repeat of the 2007-2009 financial crisis.
***must be the bi-annual meeting of the Mutual Admiration Society.
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