what are some criticisms of the dodd frank act 
detractors of the dodd frank act have argued that the law could harm the competitiveness of u s firms relative to their foreign counterparts in particular critics contend that its regulatory compliance requirements unduly burden community banks and smaller financial institutions despite the fact that they played no role in causing the financial crisis several financial world notables have also argued that while each institution is undoubtedly safer due to the capital constraints imposed by dodd frank the constraints also make for a more illiquid market overall 