This story appeared in Bank Digest.
The Government Accountability Office has issued a report entitled "Dodd-Frank Regulations: Impacts on Community Banks, Credit Unions and Systemically Important Institutions." According to the study, while it remains too soon to judge the full effects of the mortgage lending and financial stability regulations required by the Dodd-Frank Act, there do not seem to be large effects on the availability of consumer credit or on bank funding costs. However, the GAO also said that community banks and credit unions are reporting increases in compliance costs and burdens.
The report (GAO-16-169) added that the various federal financial regulators consulted with each other and coordinated their rule-making activities as required by Dodd-Frank. The report covered the adoption of 26 rules that took effect between July 23, 2014, and July 22, 2015.