Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A legitimate and common complaint regarding the Dodd-Frank Act is that it not only did not resolve too big to fail wherein the taxpayer is on the hook for the ­missteps of the nation’s largest banks. It ­actually made the problem worse as the weaker institutions and brokerage firms were merged into multitrillion asset, ­colossal banks with the implied backing of the U.S. Treasury. They can borrow money more cheaply with the assumption of government backing, and they leverage their position to their advantage over all other financial institutions and especially the smaller ­community-based credit unions and banks.

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.