Keating Discusses Real-World Implications of Reg Burden

In conjunction with his visits this week with bankers in North Dakota, ABA President and CEO Frank Keating yesterday discussed the practical implications of excessive regulation for bank customers on Fargo’s KFGO radio station.

Host Joel Heitkamp mentioned how in years past he could go to banker friends — “one of whom was in my wedding party” — and apply for straightforward loans. “Those days are over.”

“That kind of character lending is the heart of the community banking model,” Keating replied, noting that today’s mortgage rules tie lenders’ hands in terms of finding solutions for complex customer financing needs.​