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Glass-Steagall, Dodd-Frank, Volcker: Why All the Eponyms? 

January 9, 2014
Paul L. Lee, American Banker

There is a distinctive quality of eponymity to modern banking law.

The procreators of banking law have shown a strong and recurring interest in name-identification with their work. The Dodd-Frank Wall Street Reform and Consumer Protection Act is only the most recent and prominent example of this phenomenon. Indeed, the incorporation of the Volcker Rule in the Dodd-Frank Act—an example of what might best be called compound eponymity—epitomizes the power of eponymity in banking law.

Eponymity has a long and distinguished history in banking law. The Aldrich-Vreeland Act, the Edge Act (not an acronym; it was named for Sen. Walter Evans Edge), and the McFadden Act all attest to the appeal of name-identification in banking legislation in the early decades of the twentieth century.

Read more: American Banker

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