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Federal banking regulators completed rules for underwriting "exotic" mortgages yesterday, a move that the biggest lenders say might stifle the use of loans that make houses more affordable.
The Labor Department also said it had completed rules to let workers learn about the fees various financial firms charge for helping to run 401(k) plans.
It can also cite completed rules, like important ones on toxic emissions from power plants, fuel economy and sulfur in gasoline.
On Thursday evening, the Securities and Exchange Board of India, or SEBI, completed rules governing foreign participation in this fast-growing market, giving clarity to a closely watched situation that has disrupted the exchanges.
Here are some of the most important: CLEAN POWER PLAN Last year, the Obama administration completed rules requiring the nation's existing power plants to cut, by 2030, emissions of greenhouse gases by 32percentt from 2005 levels.
The Dodd-Frank financial reform law called on regulators to establish "enhanced protection" for municipalities and other clients in their dealings with Wall Street, but the Securities and Exchange Commission has not yet completed rules, while the Commodity Futures Trading Commission's rules are so weak as to virtually invite the banks to exploit municipalities.
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Both it and many environmental groups warn that loopholes in the completed rule could be exploited to undermine the standards' efficacy.
The subcommittee's findings should steel the resolve of regulators who must complete rules under the Dodd-Frank reform law.
A major reason is that the banks that sell the mortgage-backed bonds are waiting for regulators to complete rules aimed at strengthening this market.
Ms. White has said she is committed to completing rules promptly, but her actions, so far, show the perils of moving quickly at the expense of truly strong rules.
The times required to complete rule definitions are approximately the same as slide creations with some presentation software.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com