one of the things that we have been wrestling with in our State is that the Dodd-Frank regulations were intended for the large institutions but they bleed down to the smaller ones because it's impossible in the mindset of regulators to have two different mindsets when you walk in, so they are going to hold to the tighter regulations.
Pearce discusses the negative impact of Dodd-Frank regulations on smaller financial institutions.
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It penalizes legitimate businesses when the shell companies can come in and operate and launder money.
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