Congress deals another blow to the 2010 Dodd-Frank financial reform law. This time, they have delayed the Volcker Rule, which bans banks from engaging in proprietary trading -- speculative deals that are designed only to benefit the bank itself, rather than its clients. The Rule was supposed to go into effect earlier this year and will now likely be delayed until July 2017. You can read more about this here: huffingtonpost/2014/12/18/volcker-rule-federal-reserve_n_6351190.html?utm_hp_ref=tw
Posted on: Mon, 22 Dec 2014 19:45:00 +0000