Bloomberg News
"This is largely a problem that is concentrated with a small number of very large institutions," said Scott Alvarez, general counsel at the Fed, speaking of the Volcker Rule's effect on CLOs.

House Lawmakers Press Regulators on Volcker, Payday Lending

Members of the House Financial Services Committee grilled chief lawyers from the banking agencies on Tuesday, airing a wide range of grievances, including some related to a temporary Volcker Rule exemption and a Department of Justice crackdown on the payday loan industry.

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