Federal Regulators Failing to Analyze Impact of Implementing Dodd-Frank Regulations, GAO Finds
November 18, 2011
The Government Accountability Office recently confirmed the view widely held in the mortgage finance industry that federal regulators are not doing enough to analyze the cost and other effects of implementing the Dodd-Frank Act. Little is known about the actual impact of the final Dodd-Frank Act rules, given the short amount of time the rules have been in effect, the GAO said. The government watchdog noted that federal financial regulators are required to perform a variety of analyses, but the requirements vary and none of the regulators are...