Small Banks Could See Some Dodd-Frank Relief
PYMNTS
APRIL 24, 2017
The Dodd-Frank Wall Street and Consumer Protection Act was supposed to prevent another 2008 banking meltdown — and solve the problem of “too big to fail.” Louis Fed estimated that community banks pay an estimated $4.5 Since the passage of Dodd-Frank, over 1,700 U.S. banks have disappeared. billion annually in compliance costs.
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