“Dodd-Frank was meant for Wall Street, but it hurts the people on Main Street”
WASHINGTON – Idaho Senator Mike Crapo, Chairman of the Senate Banking, Housing, and Urban Affairs Committee spoke with Charles Payne on Fox Business’s Making Money about Dodd-Frank’s impact on Idaho’s Main Street financial institutions, and how his legislation can alleviate some of the regulatory burden so that they can better serve their communities.
Click here to watch or click the image above.
“There haven’t been any startup community banks all year. We’re losing community banks at a rapid rate, and it’s primarily because of the regulatory burden that are forcing them to be less competitive. . . It’s really our small businesses and individuals who are the real victims of this terrible problem.”
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