In 2010, Congress passed, and President Obama signed into law, a massive 2,300-page banking regulatory bill called the Dodd-Frank Wall Street Reform and Consumer Protection Act. The premise of Dodd-Frank was to prevent another financial crisis and, as the title suggests, reform regulation of Wall Street. Like many well-intentioned laws, however, Dodd-Frank in the hands of the regulatory state has turned into a crushing burden, highlighted today in a House Small Business Committee hearing titled “Bearing the Burden: Overregulation Impact on Small Banks and Rural Communities.” Rather than ending the situation where a few massive banking institutions were “too big to fail,” Dodd-Frank has actually entrenched the big banks at the top of the heap while crushing small community banks and credit unions.

Last month's proposed rule on Incentive-Based Pay, the "London-Whale Sized Regulation," is open for comment until July 22. This proposal carries large implications for financial sector operations and also represents a overall trend in Dodd-Frank regulations.

Financial regulators released a 279-page proposal that would set parameters around how and when Wall Street Executives make their money. The proposal, mandated by the Dodd-Frank Act, is a five-year project spanning across six regulatory agencies.

As one of our millions of FreedomWorks members nationwide, I urge you to contact your Representative today and urge him or her to support H.R. 3550, the “New Fair Deal Banking and Housing Stability Act of 2013,” and to co-sponsor the bill if he or she has not already done so.

July 21 marked the anniversary of the passing of the Dodd Frank Wall Street Reform and Consumer Protection act. Unfortunately the law has neither reformed Wall Street nor Protected Consumers.  The 3,200 page law has spawned several new regulatory bodies, and has granted 11 separate federal agencies the authority and the legal obligation to create over 400 new financial regulations.

The Dodd-Frank financial overhaul law—also known as the “Federal Reserve Empowerment Law"—recently marked its first anniversary. Last summer, we fought this unconstitutional power grab tooth and nail. The lead sponsors of the bill Rep. Frank (D-Mass.) and former Sen.

On June 8, S 575, an amendment which would have delayed price controls on debit card interchange fees by two years, failed to pass the Senate.  Interchange fees are small fees that retailers pay to debit card providers every time a card is swiped in their store. These fees compensate debit card providers for the use of their services.