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August 20, 2011

Court Ruling Offers Path to Challenge Dodd-Frank

“In recent weeks, lawyers and Wall Street trade groups have gathered in Washington to ponder the next big case. Lawyers branded one meeting, held by the  United States Chamber of Commerce, as ‘Dodd-Frank Excesses,’ according to two people who were notified of the meeting.”

“Until now, Wall Street relied largely on an army of lobbyists to chisel away at 300 new rules flowing from the S.E.C. and the Commodity Futures Trading Commission, among other agencies. But while lobbying might yield the occasional loophole, judicial rulings can halt new rules altogether.”

Read the full story at The New York Times

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