STROUDSBURG - ESSA Bank & Trust President and CEO Gary Olson said regulations enacted to protect consumers from failing Wall Street financial institutions is crushing small community banks.The result of the law, Olson said, is to limit the number of home loans and small business loans the local population counts on.The Wall Street Reform and Consumer Protection Act of 2009, also known as the Dodd-Frank legislation was signed in 2010 to prevent banks from becoming too big to [...]
Source Business - poconorecord.com http://ift.tt/2xVC8pM
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