The Obama admin defended the bill. What a shock! Next thing you know criminals will be claiming innocence. All you need to know about their comment is the fact that he addresses liquidity requirements and makes no mention of the increased regulatory and reporting requirements as a result of Dodd Frank. No surprise considering the closures because banks can no longer afford to make home loans http://www.forbes.com/sites/frankso...ank-bank-regulation-is-still-a-guessing-game/ Thousands of pages of complex regulations call for additional reporting requirements and hiring new talent, leading to increased costs that smaller financial institutions are less equipped to absorb. With banks focusing their efforts and resources on meeting regulatory requirements, innovations that would normally be focused on the consumer may have to take a back seat. Stringent mortgage lending rules have impacted banks willingness and ability to issue new mortgages. According to the American Bankers Association 2014 Real Estate Lending Survey Report, 38 percent of banks stated that new Dodd-Frank mortgage regulations caused them to reconsider their commitments to mortgage lending and about two-thirds of respondents will be restricting lending to Qualified Mortgages, or to QM loans plus non-QM loans that are restricted to targeted markets or products. And Warren herself, another fine source. http://www.americanbanker.com/bankt...-the-future-of-community-banks-1072914-1.html "First, there are now 1,342 fewer community banks in the U.S. than there were in June 2010. The number of banks with assets below $100 million shrunk by 32%, while the number of banks with assets between $100 million and $1 billion fell by 11%. Consequently, it should come as little surprise that since Dodd-Frank, the share of U.S. assets held by banks with assets above the $10 billion threshold has increased by 4%. By contrast, banks with assets below $100 million have seen their share of U.S. assets decline by 40%. Banks with assets between $100 million and $1 billion lost 21% market share during this time. The decline in bank lending, combined with low interest rates and a fairly stable economy, has meant that banks do not need to set aside as much money to cover future loan losses as they have historically. As a result, the loan-loss provision rate hit an all-time low in the past two years. To be precise, the provision expense for past year was 0.2% of assets, compared to a 31-year average three times that rate. In other words, this is as good as it gets. One of the most important measures of bank profitability is the efficiency ratio. This calculation determines how much expense is needed for a bank to create $1.00 in revenue. The best-performing banks in the country shoot for an efficiency ratio of 0.5, which is to say that the bank spends 50 cents to create a dollar of revenue. In the 26 years before Dodd-Frank, banks with assets less than $100 million spent 71.2 cents to create a dollar of revenue while banks with assets between $100 million and $1 billion spent 67.9 cents. After Dodd-Frank, the smallest banks are now spending 78.2 cents; the next group is spending 70.8 cents. These are increases of 10% and 4%, respectively."