News bites: Feds split over ‘too big to fail’

Federal Reserve Governor Daniel Tarullo told lawmakers at the very same hearing that the long-awaited Volcker Rule to tamp down speculative trading by banks is on track to be competed this year, MarketWatch reports. 

The American Trucking Associations has filed a lawsuit challenging contentious rules further limiting the hours big rig drivers can spend behind the wheel each week, according to The Tennessean reports.

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Lawmakers requested a government probe of current export rules for nuclear technology.

Elizabeth Duke announced her resignation from the Board of Governors of the Federal Reserve System

Industry representatives warned against overly restrictive regulations governing the use of toxic chemicals.

Regulators struck a deal that would allow European regulators to oversee the operations of subsidiaries and branches of American companies.

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