Trump’s legislation will offset the regulatory barriers but will likely incite retaliation from our trading partners.
A widely-cited study by W. Mark Crain and Nicole V. Crain estimates the cost of complying with U.S. government regulations at a staggering $2 trillion per year, an amount equal to 12 percent of gross domestic product. Annual compliance costs average about $10,000 per employee. Businesses in the service sector shoulder the biggest burden...
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Tags: Consumer Financial Protection Bureau, cost of federal regulations, cost of government regulations, Federal Regulations, government regulation, Office of the Comptroller of the Currency, San Francisco, savings and loan crisis, W. Mark Crain, Wells Fargo Bank, Wells Fargo Bank scandal