Erin Lockwood

The original Dodd-Frank law said that once a bank became bigger than $50 billion in assets, it would be subject to additional rules and oversight. Then came 2018 and the Economic Growth, Regulatory Relief, and Consumer Protection Act — aka the Dodd-Frank rollback. “In 2018, the law said, ‘Oh, now that only applies to banks with more than $250 billion in assets.’ And it turns out Silicon Valley Bank at the time — and actually even last week — fell under that threshold,” said Erin Lockwood, [assistant professor of] political science at University of California, Irvine.

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