Claim: The Dodd-Frank financial-reform law's hundreds of new rules will force small banks and credit unions to burn up "an estimated 2,260,631 labor hours just for compliance."
Fact-check: Rep. Sean Duffy says small banks will have to spend 2.2 million labor hours to comply with Dodd-Frank financial reform law 
Verdict: barely-true
Organisation: PolitiFact
Author: Dave Umhoefer
Date published: 2011-08-22T00:00:00