ABA urges Volcker Rule repeal

One of the industry associations responding to a call for potential legislative alternatives to Dodd-Frank’s Volcker Rule isn’t mincing any words. The American Bankers Association said the provision’s complete repeal is the only way to avoid harming the banking industry, consumers and the economy. Read on to learn how the ABA and other industry participants said policymakers could better approach the issues the Volcker Rule was intended to address.