In the first year after passing the Dodd-Frank Act, regulators made progress implementing the law. But now, it seems, things have ground to a halt.
As they face some of the most complex pieces of the overhaul, the agencies now have a Goldilocks complex: they're trying to get the new regulatory system just right. They want rules to be tough, but not so much so that they stop business. And they are well aware that an industry facing an uncertain regulatory future is watching their every move.
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