Doyle Mitchell Testifies on Effect of Dodd Frank
Doyle Mitchell, CEO of Industrial Bank of Washington, D.C., testified before the United States House Committee on Small Business Subcommittee on Economic Growth, Tax and Capital Access. His testimony focused on the impact of community bank regulatory burdens such as Dodd-Frank on small business lending. “The exponential growth of regulation in recent years is suffocating community banks’ ability to serve their small business customers," Mitchell said. "Compliance has become a major distraction for community bank managers. Any community banker will tell you that their job has fundamentally shifted from lending and serving customers to struggling to stay on top of ever-changing rules and guidance.”