NEWS FLASH

Regulators Missing Many Wall Street Reform Deadlines, As GOP Cuts Their Budgets | According to a new report, more than one-third of the new rules mandated by the 2010 Dodd-Frank financial reform law have yet to be written. The Securities and Exchange Commission has missed 71 percent of its rule-writing deadlines. At the same time, Congressional Republicans are attempting to cuts the budgets of Wall Street regulators, even though the Republican House Financial Services Committee Chairman admitted the regulators don’t have enough resources to do their jobs. President Obama has threatened to veto efforts to defund Wall Street reform.