CROWE Data Briefs are short, regular reports meant to highlight timely and important topics. The format is short, punchy, and centered around a few key pieces of data. Data briefs bring economic and policy discussions down to the personal level, showing how economic issues affect individuals and communities.
May 15, 2019
The Dodd-Frank Act and Small Bank Creation
In the aftermath of the financial crisis, Congress passed the Dodd-Frank Act which increased capital requirements and regulation of banks. Following the Act, there has been a reduction in the creation of small banks, who have faced a large burden under the Act. Small banking is most important in poorer, rural areas, which suggests that these areas would be most affected by changes in the health of the small-bank sector.