Wall Street aims to help shape the Dodd-Frank Act's measures

11/15/2010 | Los Angeles Times (tiered subscription model)

Despite concerns and questions raised by Wall Street, Congress passed and U.S. President Barack Obama signed the Dodd-Frank Act, overhauling financial regulation. Activists for financial institutions are doing what they can to help shape specific rules ordered by the law. Normally, meetings between regulators and interested parties would be conducted behind closed doors, but the Federal Reserve and other regulators have been disclosing contact with the industry, offering a rare peek into the regulatory machinery.

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