WASHINGTON — One year after passage of the landmark bill bearing his name, Rep. Barney Frank said critics of some of the law's key provisions — now being implemented by regulators — are simply misguided.

Frank specifically targeted groups trying to ease requirements in the Dodd-Frank Act that lenders hold on to some credit risk, saying that backtracking now would overlook the effects that zero skin-in-the-game had in the crisis. While he favored a broader exemption from risk-retention proposed by regulators in March, he warned against turning the exception into the rule.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.