Beyond the public statements, one can assume that the President urged greater interagency coordination and a strong posture against interest groups trying to diminish or dismantle aspects of Dodd-Frank. We applaud the President and urge him to keep a watchful eye on regulators.
President Obama huddled with nearly a dozen financial regulators Monday morning to discuss the progress they've made on new rules for Wall Street in the four years since the Dodd-Frank Act was signed into law. Obama urged the regulators to stay the course in an effort to "prevent excessive risk-taking across the financial system" and "commended" the work they've done so far, the White House said. The president also urged the regulators to "consider additional ways to prevent excessive risk-taking across the financial system, including as they continue to work on compensation rules and capital standards," the White House said