# Professor Lawrence White explains the impact of Dodd-Frank on community banks

1 Faculty News March 3, 2017 ![Marketplace Logo](/sites/default/files/styles/246w/public/assets/images/marketplace_logo.jpg?itok=IIav3Udj)>

Excerpt from [Marketplace](https://www.marketplace.org/2017/03/02/business/community-banks-divided-over-dodd-fank) -- "'To comply with regulation usually involves some fixed costs, like you may need to hire a lawyer,' said [Lawrence J. White](http://www.stern.nyu.edu/faculty/bio/lawrence-white), an economics professor at New York University Stern School of Business. The smaller the bank, the harder it is to pay that person’s salary."

[Read more](https://www.marketplace.org/2017/03/02/business/community-banks-divided-over-dodd-fank)