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The Boston Globe

Business

Obama prods regulators to implement Dodd-Frank overhaul

WASHINGTON — Three years after President Obama signed an overhaul of lending and high-finance rules, execution of the law is behind schedule, with scores of regulations yet to be written, let alone enforced. Meeting privately with the nation’s top financial regulators on Monday, Obama prodded them to act more swiftly.

The president’s push comes as the five-year anniversary of the nation’s financial near-meltdown approaches. The law, when passed in 2010, was considered a milestone in Obama’s presidency, a response to the crisis that led to a massive government bailout to stabilize the financial markets.

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