No ‘Negative Effect’ from Dodd-Frank

Treasury’s Wolin says he sees no evidence law is harming financial system.

U.S. Deputy Treasury Secretary Neal Wolin said there’s no evidence that the Dodd-Frank financial overhaul law has had any “negative effect” on the financial system.

Wolin, in an interview with CNBC television today, also said the costs of implementing Dodd-Frank are a “pittance” compared with those associated with the financial crisis.

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