Dodd-Frank Act Details Impending Changes for Financial Institutions
The Dodd-Frank Wall Street Reform and Consumer Protection Act is designed to offer a greater level of oversight to discourage high-risk behavior and avoid a repeat of the recent turmoil experienced in the financial markets. The act will have a significant impact on financial institutions, ranging from a possible decline in profit margins to increased staffing to address regulatory compliance concerns. Lending decisions promise to be under greater scrutiny, dictating that institutions practice greater discretion and decreasing capital available to potential borrowers.
The Impact of the Financial Reform Act on Banks and Other Financial Institutions
Financial Regulatory Reform and Community Banking
Financial Institution Insights delivers news and information critical to community banking professionals. The bi-monthly newsletter tackles issues ranging from IT security to regulatory compliance to operational improvement.