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Across The Web | Dodd-Frank Repeal | National Review Editors

Since the passage of Dodd-Frank, U.S. banks have seen the number of regulations to which they are subject double in gross terms, with 28,000 new restrictions on their activities put into place. As often is the case, big companies are much better prepared to meet these regulatory requirements — and the big ones become even bigger as the high cost of regulation creates powerful incentives for consolidation. It is worth noting that thousands of smaller banks and credit unions have disappeared since the passage of Dodd-Frank, while those “too big to fail” institutions are even bigger than they were before the crisis.

via Dodd-Frank Repeal — Financial CHOICE Act Deserves Support | National Review




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