What Community Bankers Must Ask Washington

Law360, New York (March 29, 2016, 10:37 AM EDT) -- As the 2016 election season starts, it is imperative that community bankers raise with candidates for federal office questions regarding the candidates' positions on critical issues impacting their institutions. Rather than restating a few sound bites and bullet points, I have tried to tie my suggestions to a serious policy discussion produced by a relevant arm of the government of the United States. (Yes, some parts of the government do good work.) To give you my conclusion in advance, I believe that community banks should seek relief from the most onerous regulations mandated by current law, because as a group they are unlikely to do major harm to our financial system, and reduced regulation of community banks will in general do more good than harm. Community bankers should seek the support of aspiring federal office holders in pursuing this objective....

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