Just in case you thought otherwise, the Treasury Department has released an infographic outlining how Wall Street reform helps to strengthen small banks.
"We recognize that small banks were not the cause of the financial crisis," the Treasury wrote in its blog post advertising the graphic. "Main Street banks are integral to the ability of consumers and small businesses to access capital and protect their savings."
The graphic offers a few specifics on how Wall Street reform (i.e. the Dodd-Frank Act) aids these integral institutions. For instance, the Treasury asserts, raising FDIC coverage to $250,000 per account from $100,000 allows small banks to attract more deposits and ultimately make more loans. It also suggests the power to regulate nonbanks granted to the Consumer Financial Protection Bureau helps small banks stay competitive in growing markets, since they are no longer up against unsupervised operators.
Read the full BankThink piece and post your comment in the discussion at the end.