CFPB headquarters. CFPB headquarters. (Source: Shutterstock)

I usually find myself somewhat critical of the Dodd-Frank Act but I have to admit it really has shown its worth during the latest banking crisis.

For example, the “living wills” intended to create a game plan for the orderly bankruptcy of the nation’s largest banks really came in handy in preventing a frantic search for buyers of Silicon Valley Bank et al. Otherwise, we may have had to have regulators guaranteeing deposits and businesses rushing to put funds in even larger banks.

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