Recent American Banker Polls Show Backlash Against Banking Regulation

by Banking.com Staff July 25, 2011   Insights

After our recent survey and interview with Greg  Jacobi of WebsterBank, the Banking.com staff has become increasingly interested in polls that other banking publications are hosting.

American Banker, which frequently surveys visitors on the publication’s homepage, has extensively covered the recent federal financial laws, particularly concerning the Consumer Financial Protection Bureau and the Dodd-Frank Act. One poll focused on President Obama’s choice of Richard Cordray to lead the Consumer Financial Protection Bureau over Elizabeth Warren. The results displayed an overwhelmingly negative response, with 62 percent of participants indicating they believe Cordray is a “greater threat to bankers than Elizabeth Warren.”

The publication took a more lighthearted look at the Durbin ruling in the Dodd-Frank Act, posing the question: “Which movie title best represents the Dodd-Frank Act?” Readers were incensed by the Federal Reserve Board’s decision, and it was a close race, with One Flew Over the Cuckoo’s Nest narrowly beating out The Good, the Bad and the Ugly.

You can read American Banker’s full list of polls here.

Do you agree with the results of these polls? What questions would you like answered in the next Banking.com survey? Tweet @bankingdotcom or let us know in the comments below.

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