ABA President on Bank Oversight, Dodd-Frank Repeal

The video discusses the Financial Choice Act proposed by Jeb Hensarling as a reform to Dodd Frank. It highlights the political challenges of fully repealing Dodd Frank, with Democrats opposing changes. The American Bankers Association (ABA) is criticized for its influence, but it argues that current policies harm community banks. The ABA is also suing the government over the use of Fed dividend rates for infrastructure funding, claiming it sets a dangerous precedent.

What improvements are suggested for the Dodd Frank Act?

What is the political reality regarding the repeal of Dodd Frank?

What concerns did Representative Maxine Waters express about the American Bankers Association?

How do community banks feel about their relationship with big banks?

What is the response to the claim that big banks control the policy agenda of community banks?

What are the implications of the consolidation of community banks?

What legal action is being taken regarding the Fed dividend rate?