Tuesday, December 10, 2013
(Washington, DC) -- One of the most contested parts of the post-crisis Wall Street reform act will come to a vote today among federal regulators. The "Volcker Rule" would severely limit trading by banks that's done to make a profit. The goal of the financial reform measure in the sweeping Dodd-Frank act is to protect the financial system from meltdowns like the one in 2008. Critics say the new regulation could cost big banks millions of dollars.