In this edition of the BU Law podcast, host and media veteran, Dan Rea of WBZ-Radio 1030 welcomes Cornelius K. Hurley, Professor of the Practice of Banking Law at Boston University School of Law and Director of the Morin Center for Banking and Financial Law, to explore financial reform. Dan and Professor Hurley look at the Dodd-Frank Wall Street Reform and Consumer Protection Act, the “too big to fail” concept, the creation and function of the Consumer Financial Protection Bureau and the future of our economy.
President Obama recently signed into law the Restoring American Financial Stability Act of 2010, better known as the Financial Reform Bill. This new legislation is aimed to crack down on the excesses of Wall Street and corporate America by overhauling banking and Wall Street regulations. Attorneys and co-hosts, J. Craig Williams and Bob Ambrogi welcome Attorney Martin E. Lybecker, a partner in Wilmer Hale’s Regulatory and Government Affairs and Securities Departments, to discuss the latest on this legislation. They look at the new financial reform law, the role of the Consumer Financial Protection Bureau and how this new legislation impacts the banking industry, businesses, law firms’ workload and consumers.