From the July issue: Though signed into law nearly two years ago, the Dodd-Frank Act — the federal statute drafted in the wake of the financial crisis to increase regulations over financial institutions — is still being debated by the many government agencies responsible for its implementation.
Indeed, a slew of new Dodd-Frank rules have not gone into effect yet, and some are still being codified. But the 2,300-page document, a political hot potato, has already begun to impact the actions and mind-sets of many New York City real estate players. [more]