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Volcker Bank Rule Takes Effect

Starting today, Wall Street banks have to comply with the Volcker Rule, considered one of the biggest new restriction they’ve faced in decades.

The rule bans taxpayer-insured banks from making bets on their own money, and banks fought it for years. But many have since fallen in line.

Here & Now‘s Jeremy Hobson takes a look at what the move will mean with Maggie Lake of CNN.

Guest

  • Maggie Lake, business reporter for CNN. She tweets @maggielake.
  • Copyright 2020 NPR. To see more, visit https://www.npr.org.