Dodd-Frank Rules Will Crush Employment, Banks Warn

IBD reports:

Job-killing bank regulations threaten to wipe out all the gains in private-sector employment logged since the recovery began, the industry warns. Washington, however, is hiring thousands more bureaucrats to enforce the rules.

Signed into law last year, the Dodd-Frank Act is the biggest rewrite of financial regulations since the New Deal. It was intended to rein in Wall Street "excesses." But the banking industry says burdensome red tape is hurting economic growth and jobs in a still-sluggish labor market.