Tuesday, November 6, 2012
Darius Palia, a finance professor at Rutgers Business School, believes the sweeping reforms contained within the Dodd-Frank Act are proving to have a steep, unexpected price tag.
The two-year-old federal law, inspired by the collapse of the financial industry and the ensuing “Great Recession,” was intended to prevent another financial crisis by imposing new requirements for transparency, accountability and consumer protections.