The Dodd-Frank Wall Street Reform and Consumer Protection Act is a historic piece of legislation impacting a wide variety of financial institutions. While many of the substantive changes included in the legislation mandates studies over the next several months and beyond by various regulatory agencies, these mandates will affect financial institutions’ financing and business decisions.
Is the banking industry being too rigorously regulated by new banking laws to the point that it may increase costs to consumers? Will this rigorous regulation of banks prevent another financial crisis in the future?