Americans for Financial Reform Education Fund published a new report describing the history of the Volcker Rule and the efforts of the financial industry to undermine it. The Volcker Rule is a central element of post-crisis financial regulation that is intended to be a modern version of the Glass-Steagall division between commercial banks and Wall Street trading markets. The rule was a direct response to the business model that drove the 2008 financial crisis. It is now in danger of being weakened to the point of being ineffective.
Joint Letter: 47 Organizations Urge Regulatory Agencies to Suspend All Non-Coronavirus Related Rulemaking Until National Emergency is Over