Dodd-Frank Implementation Defended by U.S. Regulators

U.S. regulators told lawmakers they are making significant progress to prevent a repeat of the 2008 credit crisis, pushing back against complaints of slow progress and efforts to undo parts of the Dodd-Frank Act.

Officials from agencies including the Treasury Department, Federal Reserve and Federal Deposit Insurance Corp., testifying today at a Senate Banking Committee hearing on implementation of the 2010 regulatory overhaul, delivered opening remarks that highlight finished work and rules nearing completion while warning against attempts to roll back key provisions of the law.