Community Banking

Fed, CSBS Survey Examines Community Banking Activities

The Federal Reserve and the Conference of State Bank Supervisors today released an annual survey of the nation’s community banks, which provides a comprehensive overview of the key issues and challenges facing banks with less than $10 billion in assets.

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Yellen: Agencies Exploring Ways to Reduce Capital, Appraisal Burdens

As part of its response to the recently concluded Economic Growth and Regulatory Paperwork Reduction Act review process, the federal banking agencies are looking to reduce burdens of appraisal requirements and to simplify regulatory capital rules for community banks, Federal Reserve Chairman Janet Yellen told the House Financial Services Committee today.

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FDIC: Share of ‘Unbanked’ Fell in 2015

The share of the population that is unbanked fell to 7 percent in 2015, the lowest share ever recorded in the FDIC’s biennial survey of unbanked and underbanked households, FDIC Chairman Martin Gruenberg said in a speech today.

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Banker, Fed Chiefs Defend Bankers’ Role on Regional Fed Boards

With many activist groups targeting the century-old inclusion of bankers on the boards of the 12 regional Federal Reserve Banks, a midsize community bank CEO and two regional Fed presidents strongly defended bankers’ contributions to Fed governance at a House Financial Services subcommittee hearing today.

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Nichols Tackles Myths About Reg Burden in Politico Op-Ed

In the wake of prominent assertions that Dodd-Frank has had little to no negative effect on community banks and that community banks are better-off than ever, ABA President and CEO Rob Nichols penned an op-ed in Politico today emphasizing that Dodd-Frank and the cumulative regulatory burden are indeed driving community bank consolidation and limiting new bank startups.

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