Wall Street Bonuses at Risk Amid Dodd-Frank Push

Bloomberg: “Behind the scenes, consumer groups such as Public Citizen and Better Markets are reminding administration officials that the never-finished pay constraints are mandatory under the Dodd-Frank Act. Democrats — upset that the rules languished when Donald Trump occupied the White House — are also exerting pressure, arguing that years after the 2008 financial crisis, banks’ compensation practices continue to incentivize dangerous behavior.”

“The pay strictures are among Dodd-Frank’s most controversial provisions, with watchdogs putting them off even during the Obama administration — a time when the government was eager to tighten Wall Street’s leash.”