The overly complex Dodd-Frank Act is hurting America’s banking industry and desperately needs to be amended, said Gov. Frank Keating, President of the American Bankers Association. Keating added that one change would be to allow mortgages to receive 'qualified' status if banks keep the loans on their own books rather than selling them on the secondary market. He said another smart tweak would be to provide an extra two years for banks to unwind complex investments in collateralized loan obligations. Finally, Keating responded to JPMorgan CEO Jamie Dimon's statement that America's banks are 'under assault' by regulators.