Editorial: Bureaucracy is slowing Dodd-Frank rules

08/22/2013 | Bloomberg

The reason only about 40% of Dodd-Frank Act rules are completed three years after the law passed is that too many agencies have overlapping duties, and there are ongoing interagency skirmishes, Bloomberg editors write. "[W]ith 60 percent of the Dodd-Frank Act's directives to come, it behooves the president to keep a fire under regulators' feet. If he truly wants to see regulators hustle, he should invite Congress to work with him on a cost-saving, bureaucracy-slimming financial agency overhaul," this editorial argues.

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