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Old July 16th, 2015, 12:52 PM   #1
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Thank you Dodd-Frank.

Dodd-Frank imposes $24B in regulatory costs, study finds
The Hill

The Hill reports, “The Dodd-Frank financial reform measures passed in the wake of the collapse on Wall Street continue to take a toll on the economy, according to a new study. Five years after Dodd-Frank was passed, the business-friendly American Action Forum finds it has led to $24 billion in compliance costs and 61 million paperwork hours. Financial regulators have passed 456 final rules stemming from Dodd-Frank, the study found. But the implementation of Dodd-Frank is an on-going process. The study also found there are about $7.8 billion worth of pending rules in the regulatory pipeline that could raise the total costs.”
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