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Tag Archives: House Subcommittee on Financial Institutions and Consumer Credit

American Bankers Association: Compliance costs crushing community banks

The American Bankers Association warned a House financial  services subcommittee Thursday that the cumulative impact of years of added regulations has pushed the nation’s community banks to the tipping point. ABA representatives specially cited dramatically increasing compliance costs – estimated at $50 billion annually — and said they threaten the future of community banks. William B. Grant, chairman and chief ...

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