Top 1200 Dodd-Frank Quotes & Sayings

If you ever had the misfortune of reading all 2,000 pages of Dodd-Frank, which I have done - and it almost killed me - basically, all it does is create a list of all the things it wants the Fed to fix.

Small businesses have suffered under the demands of Obamacare and community banks have scaled back lending due to stringent provisions of Dodd-Frank financial regulation.

Dodd-Frank has disproportionately burdened community banks, despite their having no role in the financial crisis.

Governments need to be authorized to provide 'open bank assistance.' The convolutions of Dodd-Frank aimed at 'avoiding' this tactic are ludicrous and will prove to be extremely costly to the system.

We need to repeal Dodd-Frank act. It is eviscerating small businesses and small banks.

Dodd-Frank was passed. ... This is the biggest kiss that's been given to New York banks I've ever seen. This is an enormous boon for them. There've been 122 community and small banks have closed since Dodd- Frank. ... I would repeal and replace it.

The major reform legislation, Dodd-Frank, was named after two guys bought and sold by special interests, and one of them should be shouldering a good amount of blame for the crisis.

Opacity on extreme levels is not addressed anywhere, including Dodd-Frank.

Hillary Clinton has promised to build on President [Barack] Obama's policies. That means build on Obamacare, build on Dodd-Frank, build on the regulations coming out of the EPA. If that's the case, that will not be good for the economy.

Some of my colleagues are unwilling to vote for any Dodd-Frank reforms, partly out of the political fear that any reforms will be seen as reducing regulations on the financial sector.

What do the Republicans say? Donald Trump? They say they're just going to roll back the Dodd-Frank regulations. They want to undermine the Consumer Financial Protection Bureau.

I'll be very clear about this: I'm not a fan of getting rid of Dodd-Frank.

Otherwise, their only engagement I'm going to have with [Donald Trump] is fighting back against their attempts to undo Dodd-Frank, their attempts to destroy the Consumer Financial Protection Bureau and all of those things.

I frankly think we in the financial service world believe we need appropriate kinds of regulations. No question about that. But when something like Dodd-Frank has been created, sort of in the mystery of night, it is a huge document. It's vast. It weighs about 10 pounds when I carry it around.

A dramatic spending increase to fund the SEC and the CFTC, as envisioned by the authors of the Dodd-Frank legislation, would further the mindset that our nation's problems can be solved with more spending, not more efficiency.

I have been working hard trying to implement Dodd-Frank reforms. We went through a terrible crisis in 2008. Many people lost their homes.

The truth is that the banks that are really hurting under Dodd-Frank, really getting no relief, are the community banks.

In the 1990s, the Democratic Party began to cozy up to their long-time enemies: Wall Street Bankers. They took their money and relaxed their regulations until the Great Recession forced the Democrats via Dodd-Frank to re-regulate the banks.

Certainly, some of the anti-bank rhetoric has shifted a little bit, but on either side of the aisle, there seems to be different tacts. On one side of the aisle, you see a proposed scaling back of Dodd-Frank. On the other, a proposed reinstatement of Glass-Steagall.

Dodd-Frank is 2,000 pages long. It covers thousands of rules, regulations, interpretations and things like that.

It is crucial that the House exercises its oversight functions to ensure constitutional accountability of government agencies, especially as the bureaucracies associated with ObamaCare and Dodd-Frank flex their muscles and seek to expand their authority.

Nearly every policy during the Obama years was anti-growth: tax increases; minimum-wage hikes; ObamaCare; Dodd-Frank regulations; massive debt spending; the Paris climate change accord; an EPA assault against American energy; massive expansions of food-stamps programs and more.

We could repeal Dodd-Frank. I think that would be a big help.

There are parts [in Dodd-Frank] that I don't agree with. But, in total, it is what it is.

There are elements of Dodd-Frank that clearly need to be curtailed.

Dodd-Frank greatly expanded the regulatory reach of the Federal Reserve. It did not, however, examine whether it was correctly structured to account for these new and expansive powers. Therefore, the Committee will be examining the appropriateness of the Fed's current structure in a post Dodd-Frank world.

We need to repeal and replace Dodd-Frank. We need to make America fair again for all businesses, but especially those being run by small business owners.

Dodd-Frank represents the greatest regulatory burden on our economy, more so than all the other Obama-era regulations combined.

I would drastically revise much of the Dodd-Frank financial-reform legislation, which I call the 'Bureaucrat Full Employment Act.'

I'm frank, brutally frank. And even when I'm not frank, I look frank.

After Dodd-Frank, the big banks were bigger. The small banks are fewer.

Giving people like Dodd and Frank more authority is like rewarding an arsonist with gasoline and matches.

The details of what the Fed did were kept secret until a provision in the Dodd-Frank Act that I sponsored required the Government Accountability Office to audit the Fed's lending programs during the financial crisis.

We now have power under the Dodd-Frank legislation to break up banks. And I've said I will use that power if they pose a systemic risk.

In many respects, you can argue Dodd-Frank isn't even law. It's a license for unaccountable, un-elected officials to make law.

Under the Dodd-Frank law, the SEC got the lion's share of the rules to write, more than 100 rules, and we have done an extraordinary amount of that. Eighty percent have been either proposed or adopted. So, a lot, a lot accomplished but of course, more to do.

We need to repeal and replace Dodd-Frank act. We need to make America fair again for all businesses, but especially those being run by small business owners.

Small lending institutions lack the capability of their larger counterparts to hire the additional manpower necessary to deal with the hundreds of additional regulations created by Dodd-Frank.

Created by Congress as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the CFPB was a direct response to the financial crisis and ensuing Great Recession that began with the subprime mortgage debacle and the unraveling of Lehman Brothers investment bank.

Dodd-Frank and independent actions of banks go a long way in terms of progress on capital, liquidity, transparency, "living wills" (plans for winding down a bank in the event of a collapse) and resolutions.

I never give anyone advice: it can backfire horribly. In the 1950s, Eric Morecambe told Ken Dodd to get his teeth fixed. But those teeth turned out to be one of Dodd's big selling points.

I am the candidate of tax cuts, repealing Obamacare, repealing Dodd-Frank, letting the markets work, coming up with patient-and-doctor-centered healthcare solutions instead of more big government - and just generally getting government off the backs of small businesses.

The SEC got more than 100 rules to write under Dodd-Frank, the lion's share of all the agencies. And we've moved, I think, with a tremendous sense of urgency. But it takes a long time to write rules and get them approved by a five-member commission.

The number one problem with Dodd-Frank is it's way too complicated, and it cuts back lending, so we want to strip back parts of Dodd-Frank that prevent banks from lending, and that will be the number one priority on the regulatory side.

Fannie Mae and Freddie Mac - two bloated and corrupt government-sponsored programs - contributed heavily to the crisis.In order to prevent another crisis, we need to do what we should have done years ago - reform Fannie Mae and Freddie Mac. We also need to repeal Dodd-Frank, the Democrats' failed solution. Under Dodd-Frank, 10 banks too big to fail have become five banks too big to fail. Thousands of community banks have gone out of business.

The reality is that what we did in 2010 with the Dodd-Frank wasn't enough.

The basic architecture of Dodd-Frank makes sense. At the same time, as a number of regulators and legislators have observed, the act was a complex effort that produced thousands of pages of rules.

Democrats misinterpreted the mandate for change in 2008 as an ideological mandate to move the country sharply to the left. They rammed through policies like ObamaCare and Dodd-Frank with little, if any, bipartisan support.

The telephone call that forever changed the lives of the Dodd family of Chicago came at noon on Thursday, June 8, 1933, as William E. Dodd sat at his desk at the University of Chicago.

I have and will continue to oppose any legislation that would undermine the important consumer protections provided under Dodd-Frank.

Wall Street's biggest fight with Obama was over the Dodd-Frank Wall Street Reform and Consumer Protection Act, which Obama signed into law in the summer of 2010.

The few effective provisions of Dodd-Frank are masked by its many flaws - flaws that have been and will continue to be detrimental to the American economy and our financial future if not reversed.

We will reverse course on the heavy hand of regulation, discarding Dodd-Frank and any other regulations that advance a political agenda at the expense of jobs and investment on Main Street.

Dodd-Frank is an important statute, but often when the government believes it's handling a particularly important issue, there can be a tendency to overreach.

The Orderly Liquidation Authority prescribed by Dodd-Frank should be repealed and replaced by an amendment to the U.S. Bankruptcy Code which would operate to prevent cross-default provisions from impacting derivatives books so long as mark-to-market payments are being made in a timely fashion.

There's a lot of talk coming from Citigroup about how Dodd-Frank isn't perfect. Let me say this to anyone who is listening at Citi: I agree with you. Dodd-Frank isn't perfect. It should have broken you into pieces.

I think Dodd-Frank has contributed to a concentration of banking assets in the hands of a small number of banks.

I mean, Dodd-Frank is strangling small community banks. It doesn't make any difference what the interest rate is. They're not - they're not going to loan the money because they can't make any money for one thing plus the cost of compliance.

Dodd-Frank is a direct cause of the economic struggles millions of Americans continue to face today. The law provides so much regulation that it is a burden on the economy.

If anything, one would think we learn from Brexit is we need a strong, stable banking system, not one to repeal the consumer bureau and repeal Dodd-Frank and give Wall Street what it wants. That would be the worst kind of response.