The Long Game: The Decade-Long Effort to Dismantle the Dodd-Frank Act

transparency.29 These sites provide an illuminating window into the financial industry's activities directed at the regulatory agencies.30 The lobbying effort dedicated to the rulemaking process took on many forms.In some cases, lobbyists and law firms organized and divided up responsibilities for the rulemaking process.After Dodd-Frank's passage, lobbyists for the big banks and industry trade groups divided themselves into eighteen working groups, each organized around a different element of the new law. . . .One working group focused on derivatives reform, including the requirement that these complex financial instruments now be sold on open exchanges in the fashion of stocks and bonds.Another focused on efforts to hammer out the so-called Volcker Rule, which would limit the ability of federally insured banks to wager on risky ventures.A third tackled the new Consumer Financial Protection Bureau (CFPB), created to protect ordinary consumers from Wall Street 29.