House Votes to Abolish Dodd-Frank - Your Thoughts?

76 Replies

Originally posted by @Ron Healy :

@Andrew Syrios your comments are right on the button.  Communities throughout the mid-west in particular will have a very difficult time recovering without local banking services.  While the number of small banks in the US has been shrinking for years, Dodd-Frank has significantly added to the burden.

I think the problem is that Dodd Frank makes it almost impossible to start a new community bank, so as long as it's in place (at least in the way it is now) there's no way they can recover which puts a huge damper on small business since most small businesses get their loans from community banks. 

I want to repeal anything Nancy Pilosi supported

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

Lock We hate spam just as much as you

Join the Largest Real Estate Investing Community

Basic membership is free, forever.