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Last updated: August 19. 2013 5:37PM - 809 Views
Associated Press



FILE - In this May 11, 2007 file photo, a Wall Street sign is seen at an entrance to the New York Stock Exchange. Three years after President Barack Obama signed a sweeping overhaul of lending and high-finance rules, implementation of the law is behind schedule with scores of regulations yet to be written, let alone enforced. Obama was meeting with top banking regulators Monday, Aug. 19, 2013, for a status report with the five-year anniversary of the financial meltdown approaching this fall. (AP Photo/Richard Drew, File)
FILE - In this May 11, 2007 file photo, a Wall Street sign is seen at an entrance to the New York Stock Exchange. Three years after President Barack Obama signed a sweeping overhaul of lending and high-finance rules, implementation of the law is behind schedule with scores of regulations yet to be written, let alone enforced. Obama was meeting with top banking regulators Monday, Aug. 19, 2013, for a status report with the five-year anniversary of the financial meltdown approaching this fall. (AP Photo/Richard Drew, File)
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(AP) Three years after President Barack Obama signed a sweeping overhaul of lending and high-finance rules, scores of regulations are yet to be written, let alone enforced. In a private meeting on Monday, the president prodded bank regulators to execute the law swiftly.


The president's push for action comes as the five-year anniversary of the nation's financial near-meltdown approaches. The law, when passed in 2010, was considered a milestone in Obama's presidency, a robust response to the crisis that led to a massive government bailout to stabilize the financial markets.


In a statement after the meeting, the White House said Obama commended regulators for their work but stressed the need to finish implementing remaining portions of the law promptly.


Associated Press
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