Ten years after the financial crisis, the feds say some banks need a break
Ten years after the financial crisis, the feds say some banks need a break
The Federal Reserve, the Federal Deposit Insurance Corp. and the Comptroller of the Currency all announced yesterday that they would hold off on implementing a set of regulations on small to medium size banks, sometimes called community banks. The idea is to give these banks some breathing room while regulators come up with new, simpler regulations for them. Is this a good idea?
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