I welcome debate on regulators' efforts to tailor their approaches to the particular risk that individual banks present, but I remain skeptical of proposals that would eliminate Dodd-Frank's clear standard for a subjective activities-based designation process.
Clay expresses skepticism about changing Dodd-Frank's standards for bank regulation.
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More from William L. Clay
We must understand the true state of the financial services industry in this country today and reject the false claims that the Dodd-Frank Act has harmed banks and consumers.
Congress should be about helping this economy and going about the business of job creation and not looking to roll back regulations that are there to protect the American consumer.