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FDIC unveils Dodd-Frank alternative for ‘better’ bank regulation

Posted by   /  March 13, 2017  /  No Comments

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Reducing risk to taxpayers named as one motivation

By Jacob Gaffney | HousingWire

The Vice Chairman of the Federal Deposit Insurance Corp. just unveiled a proposal to regulate banks in a way he feels will be superior to current Dodd-Frank financial reform.

Speaking at the Institute of International Bankers Annual Washington Conference, Thomas Hoenig said that while Dodd-Frank is well intended, the regulations are too burdensome for all banks, “especially smaller banks.”

To remedy those issues, Hoenig presented an alternative.


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