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I am not a fan of the new administration, FTC, CFPB, or even FDIC, but all regulations have disparate impacts on banks depending on their size and structure. Th
by nickff 10y ago
I am not a fan of the new administration, FTC, CFPB, or even FDIC, but all regulations have disparate impacts on banks depending on their size and structure. The large banks have benefited from recent complicated and nebulous regulations with high compliance costs. Re-regulation is why the too-big-to-fail banks have gotten bigger. Deregulation would benefit smaller banks, and harm the larger ones.
- cle 10y agoI guarantee that big banks will be involved in any deregulation, and will be working to steer it in their favor for competitive advantage. It happens with any change, whether it's adding regulation, re-regulation, or deregulation.