It's unlikely that final rules of the Dodd-Frank Act will be ready by July, three years after it became law, experts say. Only a third of the rules are finalized and the rest are bogged down in processes and politics, they say. "The timelines in Dodd-Frank were never realistic, in my opinion," said Mark Calabria, director of financial-regulation studies at the Cato Institute and a former staffer on the Senate banking committee.

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