Jeff Duncan is a South Carolina native and a 1988 graduate of Clemson University. Prior to being elected to the U.S. House of Representatives in 2010, Congressman Duncan served as Branch Manager and Assistant Vice President during his seven years working in community banking. Later, he became the President and CEO of J. Duncan Associates, a South Carolina based, family owned real estate marketing firm which specialized in statewide real estate auctions. Duncan concurrently served as a member of the South Carolina House of Representatives from 2002-2010.
Financial Services issues affect us all and how they are dealt with is important to my work in Congress.
Prior to being elected to Congress, I worked in community banking for seven years. I am a firm believer that less government regulation is better, especially when it comes to the economy. I have been, and will continue to be, an advocate for free market principles. I oppose legislation such as the Dodd-Frank Act, which increased the federal government's involvement in financial institutions. I supported the most recent Dodd-Frank reform bill which was signed into law in May.
I am confident that this recent rollback of the destructive Obama-era Dodd-Frank regulations will prove beneficial to community banks, credit unions, and their customers. Dodd-Frank had a damaging impact on community banking and helped contribute to massive consolidation in the industry from big Wall Street banks. The ability to have a neighborhood money lender that understands the needs of the community they serve is very important, and I am hopeful that this new law will help reverse some very negative trends in the industry.