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Bankers, Lawmakers Push Back Against Community Bank Regs

Lawmakers joined community bankers on Tuesday to argue that small banks deserve simpler and less restrictive regulations than major financial institutions. In a hearing, the House Financial Services Committee's Financial Institutions and Consumer Credit subcommittee hosted four community bank leaders to hear their complaints and problems in dealing with rules on capital and lending requirements. The bankers, representing their own banks and national groups, claimed that the increased burden of new regulations leads small banks to focus their attention on compliance instead of serving their customer base, and they warned that community banks could be forced to consolidate to stay alive.

From "Bankers, Lawmakers Push Back Against Community Bank Regs"
The Hill (04/16/13) Hattem, Julian