Pa. Lawmakers OK Banking Bills In Wake Of Dodd-Frank

Law360, Philadelphia (October 19, 2012, 7:21 PM EDT) -- The Pennsylvania General Assembly presented a series of bills to Gov. Tom Corbett Thursday aimed at modernizing the state’s banking system to comply with federal requirements under the Dodd-Frank Act and making it easier for the state to crack down on unscrupulous bank officials.

According to officials from the Pennsylvania Bankers Association, which proposed the banking modernization package and helped push it through the General Assembly, the three bills insert mandatory Dodd-Frank lending limit language to the state banking code requiring lenders to consider credit exposure...
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