Rep. McHenry: Dodd-Frank Made the Largest Banks Larger While Suffocating Smaller Institutions
July 24, 2019
July 24, 2019
WASHINGTON, July 24 -- Rep. Patrick McHenry, R-North Carolina, ranking Republican member of the House Financial Services Committee, issued the following news release:
Today, the House Financial Services Committee is holding a hearing on the proposed merger of BB&T and SunTrust Bank. Despite Committee Democrats' rhetoric, the partisan Dodd-Frank Act--which imposed overly burdensome regulations and increased the cost of compliance--has ensured the size of a financial institution e . . .
Today, the House Financial Services Committee is holding a hearing on the proposed merger of BB&T and SunTrust Bank. Despite Committee Democrats' rhetoric, the partisan Dodd-Frank Act--which imposed overly burdensome regulations and increased the cost of compliance--has ensured the size of a financial institution e . . .