The Independent Community Bankers of America urged lawmakers on Monday to exempt community banks from new regulations, saying that the regulatory burden facing community banks has increased significantly in recent years. “Community banks face an alphabet soup of regulations, each … Read More…
A recent report from the FDIC revealed that community banks throughout the U.S. are facing increasing competition. The report said that in 1987, community banks controlled 38 percent of all bank branches in the 21 fastest-growing metro areas, though that … Read More…
The Obama administration touted the 2010 Dodd-Frank Act as an end to “too-big-to-fail,” but the legislation may actually benefit America’s megabanks. Small banks have voiced concern regarding the legislation’s impact, saying that Dodd-Frank will lead to the “Walmartization” of consumer … Read More…
Small financial institutions across the country have reported lower debit card revenue as a result of pending financial reform legislation, despite recent reports from federal agencies that an exemption has protected the institutions from revenue losses. The FTC and GAO … Read More…
Jim Blaine, the president of State Employees Credit Union, said that while recent media reports suggest that big banks have lost their pull with American consumers, credit unions continue to struggle. “[Credit unions are] losing this fight despite the stories … Read More…
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