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Washington
Inside Washington (07/20/2012)
  • WASHINGTON (7/23/12)--In the two years since the Dodd–Frank Act became law, federal regulators have heard overwhelmingly from the nation's biggest banks, according to a new Sunlight Foundation analysis of financial regulatory agency meeting logs. Since July 21, 2010, when Dodd-Frank was signed into law, regulators at three major banking regulatory agencies--the U.S. Treasury Department, the Federal Reserve and the Commodities Futures Trading Commission have reported meeting with 20 big banks and banking associations on average a combined 12.5 times per week compared with an of average 2.3 weekly meetings with reform-oriented groups. The top 20 banks show up 1,298 times in meeting logs at the three agencies. Groups favoring tighter regulations of the financial markets show up 242 times. Goldman Sachs appears 181 times. JP Morgan Chase is close behind with 175 total meetings, followed by Morgan Stanley with 150, and Bank of America with 122 …


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