An editorial from The Orange County Register says there is no reason to preserve errors in the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Rep. Jeb Hensarling (R-Texas) says that the legislation has cut off credit to some credit-worthy borrowers and made bank accounts unaffordable for some Americans.
Even the law’s co-sponsor, former Rep. Barney Frank (D-Massachusetts), recently admitted that it was “a mistake” to apply the law’s extra supervision to smaller banks.
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