John Podvin in Dallas Business Journal: Lawyers Say Dodd-Frank's Full Impact on Banks Still Unknown

06/23/2012


The law that banks fear the most is the one they understand the least, Texas banking lawyers say, as regulators still have not written a multitude of rules born in the Dodd-Frank Act of 2010.

Even banks with assets below $10 billion worry that rules geared toward the giant financial institutions — created in response to the financial crisis of 2008 and 2009 — will trickle down the regulatory food chain, just as the Sarbanes-Oxley Act of 2002 became the unofficial law of the land, lawyers said...

John Podvin, of counsel at the Dallas office of Haynes and Boone, LLP, said there are a series of unfinalized Dodd-Frank rules that will potentially have a dramatic impact on how mortgage loans are made in the U.S.

Excerpted from Dallas Business Journal, June 23, 2012. To view full article, click here (subscription required).

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