Merkley Slams Repeated Fed Volcker Delays

WASHINGTON, D.C. — Oregon’s Senator Jeff Merkley released the following statement after the Federal Reserve announced that they would again delay implementation of a key part of the Volcker Rule, this time until 2017:

“It’s been six years since the Volcker Rule became law, and unbelievably, the Fed still doesn’t have it fully in place. Our financial laws and regulations are only as strong as the regulators who enforce them. It’s time for our regulators to stop carving out loopholes from the Volcker Rule and instead draw clear, bright lines that protect our economy and separate hedge fund activities from traditional banking.”