Mega Bank Regulatory Fallout Hitting Community Banks Hard
Head of $455 million-asset bank in New York decries the regulatory fallout hitting small banks, but caused by big banks getting themselves into trouble. "We are being required to manage risk at unbelievable levels. Even if we are not regulated by the Consumer Financial Protection Bureau, you can bet more regulations will come from our primary regulator, the OCC, regarding consumer protection just because it is part of what is happening.” [9/10]