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Small Banks Vital to Regulatory Revamp

Source: Asian Wall Street Journal

Washington : DC : USA | 4 months ago

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The fate of a central plank in President Barack Obama's financial-regulation overhaul -- an agency to regulate consumer financial products -- is increasingly in the hands of the nation's small-town bankers. An army of big-bank lobbyists is fighting the proposal, and top banking regulators...

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Small Banks Vital to Regulatory Revamp

News Source: Asian Wall Street Journal | 4 months ago

The fate of a central plank in President Barack Obama's financial-regulation overhaul -- an agency to regulate consumer financial products -- is increasingly in the hands of the nation's small-town bankers. An army of big-bank lobbyists is fighting...