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Regulation: An Opportunity to Get It Right

As reforming the Dodd-Frank Act takes center stage in Washington, it is important for federal lawmakers to hunker down and get this one right. Consumers and bankers alike stand to benefit from reform, but balance is key.

When it comes to financial policy, a balanced approach to reform is essential to a healthy banking sector, and preserving consumer choice and access to credit. These days financial regulation is so convoluted it rivals ObamaCare in its complexities, and navigating Congress is like finding your way out of a corn maze. As reforming the Dodd-Frank Act — a 2,300 plus page behemoth of a bill — takes center stage in Washington, it is important federal lawmakers hunker down and get this one right because a poorly designed plan could prove disastrous. Consumers cannot afford an overzealous or lackadaisical approach ...

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