On July 21, 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. Section 612 of this Act restricts the ability of banks to choose their charters if they are under an enforcement order, agreement or Memorandum of Understanding with their current regulator.

Below is a link to AABD’s Viewpoints article that appeared in American Banker regarding an earlier version of the legislation which it opposed.

Download PDF: A Threat to Dual Banking, American Banker Article

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