DealBook: Edited by Andrew Ross Sorkin The New York Times: Community Banks Lobby to Limit New Regulations

Community Banks Lobby to Limit New Regulations

http://dealbook.nytimes.com/2011/05/23/community-banks-lobby-to-limit-new-regulations/?nl=business&emc=dlbka9

Ads blanketing the Washington area right now have one clear
message: Lawmakers and regulators should tread lightly on
small banks.

The community banking industry has started a campaign aimed
at overturning certain aspects of Dodd-Frank, especially
consumer protection rules and limits on debit card fees,
DealBook reports. Their argument: Profits will fall, and
perhaps even a few institutions will fail.

But the regulation may not be as burdensome as the
advertising campaign - or the $1.2 million spent on
lobbying in the first quarter - implies. Community banks
and credit unions won exemptions from several of the law's
toughest provisions, and some of the rules put small banks
on more equal footing with big banks.

DEALBOOK:
http://dealbook.nytimes.com/2011/05/23/community-banks-lobby-to-limit-new-regulations/?nl=business&emc=dlbka9

DealBook: Edited by Andrew Ross Sorkin The New York Times: Community Banks Lobby to Limit New Regulations

Labels:Bus Econ Banking, Bus Econ Dodd-Frank, Bus Econ New York Times Dealbook, Business Banking,Business Economics, Journalists Sorkin Andrew Ross

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