BankThink

Full Dodd-Frank Repeal Is a Longshot Even If Romney Wins, Some Say

Though Mitt Romney has said he'd repeal Dodd-Frank, many opponents of the legislation aren't expecting a full repeal, but rather incremental changes, according to a Washington Post WonkBlog piece.  

Wall Street firms are "working off the general assumption that Dodd-Frank is here to stay, regardless of what happens in November," writes WonkBlog.

Some members on Congress have the same sentiments. A quote from Rep. Sean Duffy  (originally reported in Politico), sums up the gist of the piece:  "There’s not a movement to repeal and replace Dodd-Frank. There’s a movement to fix it."

For the full piece see "Romney vows to repeal Dodd-Frank. The law’s biggest critics doubt that will happen." (may require subscription) 

For reprint and licensing requests for this article, click here.
Law and regulation
MORE FROM AMERICAN BANKER