Rules passed under the Dodd-Frank Act passed by Congress aimed at large banking companies are having an impact on smaller banks too. Rob Stephenson is President of First Dakota National Bank based in Yankton. He says they are still dealing with restrictive rules that are hurting home lending…
Stephenson says the rules are adding lots of paperwork for banks and anyone interested in financing a home…
Stephenson says the numbers affected are significant…
Stephenson says that has a ripple effect on the area’s economy.