The GOP proposal cites research showing that higher costs for financial services resulting from Dodd-Frank would cost the economy nearly 5 million jobs by 2015.
Before Dodd-Frank, the high-cost designation only applied to loans for refinancing, but the financial law expanded it to apply to loans for purchases as well.
Large regulatory schemes like Obama care and Dodd Frank are a disincentive when they make it unclear to companies what their cost of operations will be.
After the implementation of Durbin, a facet of the Dodd-Frank Financial Reform Act, customers opting to pay by debit card will cost merchants around 21 cents per swipe.
The scandal cost Bankers Trust much of its reputation and brought in a new chief executive, Frank Newman, a former deputy secretary of the American Treasury.
Frank also cites an American Bar Association ethics ruling suggesting law firms should only bill clients their actual cost plus a reasonable allocation of overhead, including the cost of outsourced legal work.
The whole imbroglio is small potatoes for the Fertitta brothers, Frank and Lorenzo, who pulled their Station Casinos through bankruptcy and now control a large part of the lower-cost local gambling market in Las Vegas.