Allison: Exemption doesn’t free banks from state regulation

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Published: August 22,2010

An exemption for small banks won’t fully free Mississippi’s many small financial institutions from the regulatory grip of a soon-to-be-created federal consumer financial protection agency. So says Mississippi Banking Commissioner John Allison. He concedes the exemption is there for financial institutions with assets under $10 billion. But exemptions written by Congress can’t erase the state’s […]

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