Just in case you thought otherwise, the Treasury Department has released an
"We recognize that small banks were not the cause of the financial crisis," the Treasury wrote in its
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.
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