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Rep Cmte Financial Services
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Pending financial regulations keep banks uncertain about the future


Washington, Mar 15 -

 

Local banks in Missouri are voicing a concern that is being heard in communities all across the country about the 400 new regulations in the Dodd-Frank Act.

 

As the Columbia Daily Tribune notes:

“As local banks work to regain their footing, a cloud of uncertainty hangs over their heads: Hundreds of new regulations, mandated by the Dodd-Frank financial reform bill passed in July 2010, have yet to be written.”

“The rules-writing process will take years, and community banks could face more hardship under the new regulatory regime than their larger counterparts that can more easily absorb the fixed costs of compliance.”

To read the entire article, click here.