Professor Tanya Marsh and Joseph Norman (’12) discuss their paper on the regulatory approach to banking in The Daytona Beach News-Journal

In the aftermath of the near-collapse of the financial system, Washington lawmakers worked to protect consumers and increase regulation of banks.

The result was the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which placed restrictions on the activities of financial services companies and added requirements for capitalization and monitoring for banks of all sizes.

A recent paper by Tanya Marsh, associate professor of law at Wake Forest University School of Law and Joseph Norman (’12), an attorney in Charlotte, N.C., found that the regulatory burden placed on community banks by the new financial regulations places smaller banks at a disadvantage and argue that policymakers should “rethink our regulatory approach to banking.”

To get a perspective on the impact of regulatory reform on community banks, Cheryl Tanenbaum, senior vice president and chief financial officer at Palm Coast-based Intracoastal Bank, offers the local spin.

Read the full story here.