Regulators and small bank advocates seem to be losing the psychological battle over the Dodd-Frank Act, despite recent efforts to calm bankers.

Significant parts of Dodd-Frank law will not affect small banks, and some of these banks' main concerns, including new overdraft protection guidelines, tougher regulatory exams and higher capital requirements, are technically unrelated to the law. Still, scary claims from big banks about what might result from the law are whipping community bankers into a frenzy, said Cam Fine, the chief executive of the Independent Community Bankers of America.

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