(Bloomberg View) -- A U.S. district judge in Washington may have poked a big hole in reforms aimed at protecting millions of Americans from the next financial crisis.

It's a troubling development, and one that the government must do what it can to reverse.

At issue is the part of the 2010 Dodd-Frank Act that gave the Federal Reserve oversight of all financial institutions whose collapse could seriously hurt the U.S. economy -- be they banks, insurers, whatever.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.