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Banking Industry Worries Dodd-Frank Bill Will Push Regulatory Overload from Bad to Worse

Posted on 13th Jul 2010 @ 6:03 PM

The Dodd-Frank Wall Street Reform and Consumer Protection Act promises to add even more heft to the regulatory overload banks, both big and small, face on a daily basis. The American Bankers Association and the Community Bankers Association believe the bill’s negatives far outweigh its positives. Like Conference Committee member Senator Bob Corker (R-Tenn.), they believe the Dodd-Frank bill’s long-term effect will be to significantly worsen the regulatory burden facing community banks.

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