A new study sponsored by the American Enterprise Institute on the impact of Dodd-Frank on community banks has been published.  The study notes:

• If community banks are forced to merge, consolidate, or go out of business as a result of Dodd-Frank, one result will be an even greater concentration of assets on the books of the “too-big-to-fail” banks.
• More than 1,200 US counties—with a combined population of 16 million Americans—would have severely limited banking access without community banks.
• Community banks were not responsible for the causes of the financial crisis determined by the authors of Dodd-Frank.
• Dodd-Frank will make it harder for community bank customers to obtain loans because it encourages financial product standardization, which undermines the relationship banking model and decreases the diversity of consumer banking options.

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