Trump: ‘Dodd-Frank Has Dealt a Huge Blow to Community Banking’
‘The legislation I’m signing today rolls back the crippling Dodd-Frank regulations that are crushing community banks and credit unions nationwide’
EXCERPT:
TRUMP: "Since its passage in 2010, Dodd-Frank has dealt a huge blow to community banking. As a candidate I pledged that we would rescue these community banks from Dodd-Frank, the disaster of Dodd-Frank. And now we are keeping that commitment, and all of the people with me are keeping that commitment. Incredible group of people. Dodd-Frank’s complex and costly regulations gave large banks an unfair competitive advantage at the expense of neighborhood banks all over the country. Since Dodd-Frank’s passage, just eight years ago 20 percent of small banks have been put out of business. They have disappeared."
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