Wall Street trade group sues over Dodd-Frank rule The Loan Syndications and Trading Association is asking a federal court to strike down rules requiring banks to retain some risk on their books when they scrutinize loans, according to the Wall Street Journal. The rules are a key provision of the 2010 Dodd-Frank Wall Street Reform law. In a statement on its website, the association said it had tried to work with regulators to find a practical solution to problems with the rules, but to no avail. "We believe this rule disproportionately punishes (collateral loan obligations), an industry that was not involved in the financial crisis, suffered virtually no losses and… Read More