Obama urges regulators to quicken pace on Dodd-Frank

President Barack Obama told top financial regulators to accelerate their pace on fulfilling the mandates of the Dodd-Frank Act. "The president ... stressed the need to expeditiously finish implementing the critical remaining portions of Wall Street reform to ensure we are able to prevent the type of financial harm that led to the Great Recession," according to a White House statement. SIFMA leaders Judd Gregg and Kenneth Bentsen released a statement urging regulators to "focus on getting the remaining rules done right because poorly written rules could harm our strong capital markets that support a strong economy and help Main Street Americans succeed." Read SIFMA's statement on the meeting.

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