Manatt’s Richard Gottlieb, co-chair of the firm’s financial services group, was interviewed by SNL Financial for an article that analyzed how the new regulatory relief bill will impact smaller banks.
The publication explained that when President Trump signed a law rolling back Dodd-Frank regulations on May 14, many banking industry groups achieved a major win. The smallest banks, however, may not see significant benefits.
“As a practical matter, it’s a very narrow band of additional relief,” said Gottlieb. “It’s obviously highly impactful to that narrow band.”