Financial Services Subcommittee Hearing Examines Regulatory Burden on Community Banks

The Committee on Financial Services held a third hearing focusing on Dodd-Frank's regulatory burden and the resulting harmful economic consequences. The regulatory burden, stemming from the confusing, complex and voluminous rules and regulations mandated by the Dodd-Frank Act, is having a harmful effect on community banks' ability to serve their customers, according to industry experts testifying at the House Financial Services Committee Financial Institutions Subcommittee hearing.

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