Panel at House Financial Services hearing delivers sharply divided assessments of Dodd‑Frank at 15

Members of the House Financial Services Committee spent a full day reviewing the Dodd‑Frank Wall Street Reform and Consumer Protection Act on its 15th anniversary, with witnesses delivering starkly different verdicts on whether the law’s net effect has been to bolster stability or to stifle credit and competition.

The hearing opened with Chairman French Hill saying the panel would examine ‘‘lessons learned’’ since the law’s enactment and asking whether a one‑size‑fits‑all regulatory framework has imposed undue costs on community institutions. Ranking Member Maxine Waters began her remarks by defending Dodd‑Frank’s consumer protections and warning that recent proposals would leave consumers and service members vulnerable.

Industry witnesses — including Ken Benson, president and CEO of the Securities Industry and Financial Markets…