WASHINGTON Feb 7 U.S. officials responsible for
overseeing Wall Street will update lawmakers next week on their
progress implementing the 2010 Dodd-Frank financial oversight
law, a U.S. Senate committee announced on Thursday.
Financial regulatory agencies have been writing a heap of
new rules called for by the Dodd-Frank law, which Congress
passed in response to the 2007-2009 U.S. financial crisis.
They are still finishing some of the most controversial
changes, such as a ban on proprietary trading known as the
Seven officials are expected to appear before the Senate
Banking Committee on Thursday, Feb. 14, in a hearing focused on
financial stability and protections for consumers and investors.
Mary Miller, the Treasury Department's under secretary for
domestic finance, Federal Reserve Governor Daniel Tarullo,
Comptroller of the Currency Tom Curry, Securities and Exchange
Commission Chairman Elisse Walter, Commodity Futures Trading
Commission Chairman Gary Gensler, Consumer Financial Protection
Bureau Director Richard Cordray and Federal Deposit Insurance
Corp Chairman Martin Gruenberg will participate, the committee