We have less community banking today in the United States than we had in 2009, the only difference, financial regulatory policy. Now, if I want to bring politics into it, That policy [Dodd Frank] was written by congressional Democrats. They passed it unanimously by themselves, and then President Barack Obama signed it into law. The impacts of that regulatory policy has seen a decrease in community banking in the United States. That is the facts. (33:42–33:49)
CLAIM
Asserts that the Dodd-Frank Act was passed solely by Democrats and signed by President Obama.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
