WASHINGTON (AP) — A year after prodding financial regulators to act more swiftly to rein in Wall Street, President Barack Obama on Monday claimed progress in toughening banking rules but urged bank overseers to consider additional ways to prevent the kind of risk-taking that precipitated the 2008 financial crisis.
Obama met Monday with top financial regulators at the White House, including Federal Reserve Chair Janet Yellen, to discuss the pace of implementing the four-year-old regulatory overhaul that Obama signed into law in 2010.
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