The Free Press, Mankato, MN

Editorials

May 9, 2013

New regulations are strangling community banks

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n Eliminate the annual requirement on no-change privacy notices.

None of these changes would alter the already significant regulatory tools that provide appropriate oversight of community banks. But it would be a failure of logic and lawmaking if the new wave of banking regulations that are meant to stop Wall Street excesses instead resulted in cutting off one of Main Street’s economic lifelines.

Camden R. Fine is president and chief executive officer of the Independent Community Bankers of America.

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