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House Rolls Back Regulations Of Dodd-Frank On Small Banks

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House Passes Bill That Would Roll Back Most of Dodd-Frank

They did it! The House passed the Financial CHOICE Act, which would roll back regulations established in Dodd-Frank, one of former President Barack Obama's biggest pieces of legislation.
via legalinsurrection.com

 

Despite the act's intentions, large banking institutions have grown dramatically since the passage of Dodd-Frank, and small community banks have incurred serious losses trying to keep up. Crippling regulations saddled smaller banks, forcing American consumers to market with fewer investment vehicles and greater costs.

Prior to Dodd-Frank, some 75 percent of banks offered free-checking. That figure fell to 39 percent just two years after Dodd-Frank came into effect. Consumers are paying more and getting less because of Dodd-Frank. Low-income consumers suffer the most, according to research by the International Center for Law and Economics.

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Comments (1)

  1. Raim

No compare to Obama and Trump but the institutions know help with dissertation what to do with those who are not good regulating the chain but still hope for the best in the country and the world wide.

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