Dodd-Frank is a sweeping piece of legislation — the broadest banking overhaul since the Great Depression. It is seen by some as having significant regulatory penalties for financial institutions now and in the future. Some observers, including William Isaac, former chair of the Federal Deposit Insurance Corporation, call this a flawed attempt at reform. The American Bankers Association says the new legislation does contain some key reform provisions, but at the same time, he believes the reforms will overload with new regulations many institutions that were not responsible for the financial crisis.”]
Source: https://www.bankinfosecurity.com/regulatory-reform-clears-senate-a-2757