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Mike Stoetzel


Financial reforms send shockwaves through banking industry

It's been described as the biggest overhaul of Wall Street since the Great Depression. Approved by President Obama on July 21, the Dodd-Frank financial regulatory reform bill is an attempt to reallocate the power from Wall Street to Washington and prevent future financial crisis. The bill is expected to dramatically impact all banks – large and small – and the mere mention of Dodd-Frank is sending shockwaves through the banking industry.

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