Study finds Dodd-Frank law helped big banks, hurt community banks

From the website Main St.:

A newly released Harvard study indicates that the Dodd-Frank Wall Street Reform and Consumer Protection Act has given Wall Street an advantage over Main Street - the opposite of what was intended.

Two researchers at the Mossavar-Rahmani Center for Business and Government of the John F. Kennedy School of Government at Harvard University have just published their findings in a report called "The State and Fate of Community Banking" that concludes Dodd-Frank has helped to speed up the decline of America’s community banks.

The full article is here.

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[Jeff Sovern]

For more of our coverage, including criticism, of the Harvard report, go to http://pubcit.typepad.com/clpblog/2015/02/dodd-frank-act-killing-law-school-applications.html