As small banks continue to crumble under current financial regulatory policy, one congressman offered a proposal that little attention was paid to earlier this October. On The Breakfast Club radio show, Florida Congressman Byron Donalds revealed that “we have less community banking in the United States than in 2009,” a trend that has lessened consumer choice and freedom. The culprit? The Dodd-Frank Act and its passage in 2010, which restricted smaller banks’ ability to serve local businesses and borrowers.
Read Full Article »
