Posted On: 12/05/2013 3:01:41 PM
Post# of 63821
WALL STREET GROUP: PROTECT COMMUNITY BANKS
Financial Services Forum’s Rob Nichols in a blog post: “The Dodd-Frank Act has dramatically increased regulatory compliance costs to community banks at a time when every dollar of profitability matters. The impact of regulations on community banks is a critical point for consideration and further legislative action.
“Smaller banks lack the resources and scale of larger firms to absorb and amortize the costs of compliance and, therefore, are disproportionately impacted by regulation. … Community banks are an essential aspect of the U.S. financial system, and their difficult circumstances represent a major obstacle to economic recovery .”
http://bit.ly/1bib3qc
Financial Services Forum’s Rob Nichols in a blog post: “The Dodd-Frank Act has dramatically increased regulatory compliance costs to community banks at a time when every dollar of profitability matters. The impact of regulations on community banks is a critical point for consideration and further legislative action.
“Smaller banks lack the resources and scale of larger firms to absorb and amortize the costs of compliance and, therefore, are disproportionately impacted by regulation. … Community banks are an essential aspect of the U.S. financial system, and their difficult circumstances represent a major obstacle to economic recovery .”
http://bit.ly/1bib3qc
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