Federal Reserve Delays Enforcement of Volker Rule | WAMU 88.5 - American University Radio

Federal Reserve Delays Enforcement of Volker Rule

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The Federal Reserve and other banking regulators have granted banks a two-year grace period to come into compliance with the Volcker Rule. That's one of the provisions of the Dodd-Frank financial overhaul bill passed nearly two years ago. It restricts U.S. banks from making trades that put the bank and depositor funds at risk. But regulators are struggling to iron out the details of those rules.
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Virginia Legislators Kill Medicaid Expansion Effort

The Republican majority killed a compromise effort on a 64 to 33 vote. That means no action will be taken to expand Virginia's Medicaid program.
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