Progress Report on Dodd Frank Rules

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MORTGAGE EXPERT
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Fewer than half of the rules required by the Dodd Frank Wall Street Reform and Consumer Protection Act have been finalized, according to a progress report.

Out of the 398 rulemaking requirements created from the Dodd-Frank legislation, 148 have been met with finalized rules as of April 1.

Rules have been proposed on another 121, leaving 129 rulemaking requirements which have had no rules yet proposed.

The report, Dodd-Frank Progress Report April 2013, was published by Davis Polk & Wardwell LLP. Among the firm’s specialties is financial services regulation.

The report indicated that 279 deadlines have passed.

Among the passed deadlines, 176 were missed — including 65 for which regulators have not issued proposals — and 103 were met through final rulemaking.

Bank regulators are responsible for 135 rules. The group missed the deadline without a proposal on 17 rules, while another 48 missed deadlines have proposals.

In all, bank regulators have finalized 37 rules so far.

Mortgage Expert

Mortgage Daily Staff

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