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re: Did anyone notice that Dodd Frank is about to be repealed?
Posted on 6/2/17 at 9:51 pm to PetroBabich
Posted on 6/2/17 at 9:51 pm to PetroBabich
quote:
I don't know much about it. Wasn't it designed to prevent another huge financial meltdown? Is repealing it good then?
It's puts extremely burdensome regulatory constraints on banks. So much so, that it is causing many of the smaller community banks to seek acquisition opportunities because they cannot compete/ make money due to the undue costs, red tape, and regulatory burden. That is why the number of community banks continue to shrink.
1
Posted on 6/2/17 at 11:25 pm to Rocco Lampone
quote:
It's puts extremely burdensome regulatory constraints on banks. So much so, that it is causing many of the smaller community banks to seek acquisition opportunities because they cannot compete/ make money due to the undue costs, red tape, and regulatory burden. That is why the number of community banks continue to shrink.
This is easily the most knowledgeable industry-related post thus far. No idea why you got down voted.
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