Dodd-Frank regulations: Impacts on Community Banks, Credit Unions and Systemically Important Institutions

In 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) in response to the 2007–2009 financial crisis that disrupted the U.S. financial system.

Under the DoddFrank Act, federal agencies are directed or have the authority to issue hundreds of regulations to implement the act’s provisions. As agencies continue to develop and implement the regulations, some industry associations and others have reported on the potential impact, individually and cumulatively, on financial markets and nonfinancial institutions. 

Although the Dodd-Frank Act exempts small institutions, such as community banks and certain credit unions, from several of its provisions, and authorizes regulators to provide small institutions with relief from certain regulations, it also contains provisions that impose additional restrictions and compliance costs on these institutions.

Impacts on Community Banks, Credit Unions and Systemically Important Institutions (PDF)