Volcker Bank Rule Takes Effect

Published July 22, 2015 at 12:33 PM CDT

Starting today, Wall Street banks have to comply with the Volcker Rule, considered one of the biggest new restriction they’ve faced in decades.

The rule bans taxpayer-insured banks from making bets on their own money, and banks fought it for years. But many have since fallen in line.

Here & Now‘s Jeremy Hobson takes a look at what the move will mean with Maggie Lake of CNN.

Maggie Lake, business reporter for CNN. She tweets @maggielake.