Community Banks and Economic Growth
Witnesses testified on the services community banks and credit unions provide. Among the topics they addressed were the impact of regulation… read more
Witnesses testified on the services community banks and credit unions provide. Among the topics they addressed were the impact of regulations on small banks, the role of community banks, and bank operations during the recent financial crisis. They said their institutions were more stable than larger, national firms yet spent more resources ensuring compliance with federal laws. They asked members to pass the Community First Act, which exempts neighborhood banks and credit unions from various regulations. close
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