If you are like so many in the financial services industry, hearing the words Dodd-Frank sends chills up your spine. The 16-page brief summary of Dodd-Frank from the banking.senate.gov website states a mission of “Create a Sound Economic Foundation to Grow Jobs, Protect Consumers, Rein in Wall Street and Big Bonuses, End Bailouts and Too Big to Fail, Prevent Another Financial Crisis.” Check out this graph from businessweek.com that provides you with a wonderful visual of the bill’s effect not only on financial institutions but the consumer as well.
Cynthia Whitmer Griffith is a Performance Results Network Results Consultant for Community Banks and Credit Unions at Cohen Brown Management Group, Inc.
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