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.