Voters favor increased regulation of financial institutions: Poll

February 9, 2017 by David Baumann, CU Times

rules and regulations, 3D rendering, blue street sign

An increasing number of Americans favor increased regulation of financial institutions despite efforts by credit unions and others who contend they are over-regulated, according to a new poll.

In the poll, conducted Feb. 2-6 by Quinnipiac University in Connecticut, 50% of the 1,555 voters surveyed said they favored more government regulation of financial institutions, while 37% said such regulation hurts the economy. Some 13% said they had no position or failed to answer the question.

In November, 46% of those surveyed said they favored more financial institution regulation and 43% said such actions would hurt the economy.

The poll has a margin of error of 2.9 percentage points.

Quinnipiac officials said the financial institution regulation finding mirrors poll findings that showed Americans are reluctant to embrace the anti-regulatory fervor of the Trump Administration.