Attempting to contradict repeated concerns over the cost of regulations, President Obama's Council of Economic Advisers said Wednesday that community banks remain healthy and are not collapsing under the burden of Dodd-Frank.
"Economic evidence finds that community banks remain strong across a range of measures, from lending growth to geographic reach, including in their performance since financial reform passed in 2010," the CEA said in the report.
Dodd-Frank changes helped neutralize some cost advantages that favored large banks, the CEA said.
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