10 Ways Dodd-Frank Will Impact Community Banks

Law360, New York (March 4, 2011, 2:43 PM EST) -- This article makes 10 predictions about the effects the Dodd-Frank Wall Street Reform and Consumer Protection Act will have on community banks. The Dodd-Frank Act is lengthy (over 2,300 pages) and complex, so this article focuses only on the parts that are likely to affect community banks, i.e., those institutions of $10 billion in assets or less that have minimal or no involvement with proprietary trading, securitizations or other exotic financial products.

1) Significantly increased cost of doing business: Even the smallest of community banks will...
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