September 23, 2015

Small banks may be unfairly burdened by regulations, Brad Ashford says

As U.S. banks continue to face new regulations in the wake of the 2008 financial crisis, Rep. Brad Ashford, D-Neb., on Monday questioned whether it makes sense for a community bank with $250 million in assets to be subject to the same requirements as an institution 10,000 times bigger, with $2.5 trillion.
Ashford met with Arbor Bank leaders and industry representatives from the Nebraska Bankers Association as part of the American Bankers Association’s Take Your Lawmaker to Work Week, a national campaign designed to familiarize U.S. lawmakers with challenges facing the industry. The campaign runs through Friday