Banks should be focused on legitimate banking services like mortgages and consumer accounts. But in recent years giant Wall Street banks have made billions by placing huge bets to pad their own pockets. What’s worse, taxpayers are on the hook to bail them out if their bets go horribly wrong. That’s why a rule banning banks from engaging in these bets, also known as “proprietary trading,” was included in the 2010 Dodd-Frank Wall Street reform bill. Wall Street engaged in all-out war with regulators to undermine the rule. But after pressure from progressive activists, including CREDO members who submitted over 45,000 petition signatures, regulators came together and voted to enact the Volcker Rule. Strong implementation of the rule by banking regulators who supervise compliance is the next step. We’ll continue the fight by pushing for aggressive enforcement.