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Dodd-Frank compliance is a burden for small banks, experts say

Compliance with the Dodd-Frank law demands a lot of time and money as businesses navigate the new regulatory landscape.

On Dec. 3, experts from small financial institutions testified during a House Small Business subcommittee on investigations about the burden of Dodd-Frank compliance on small banks and credit unions.

Small businesses have too much to worry about already. When words like compliance are uttered, small business owners may cringe with uncertainty or see their costs soaring. Others may ignore the word, pretending it doesn't exist, and hope not to get caught. 

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Amanda Ciccatelli

Amanda G. Ciccatelli is a Contributing Writer for InsideCounsel, where she covers the patent litigation space. Amanda earned a B.A. in Communications and Journalism from...

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