The bankers’ fear
March 24, 2010 | federal legislation, industry | Comments (0)They don’t want the Consumer Financial Protection Bureau any more than we do. From the story:
“How many tantrums do you want me to throw?” asked Richard Herrington, the chairman and CEO of locally based Franklin Synergy Bank, frustrated with the idea of creating such an agency. “The banking industry has done a good job presenting its case, but it hasn’t worked,” he said.He and other bankers fear the consumer bureau would make new rules that undermine the health of banks — without having to go through Congress or hold extensive hearings that have been typical of other regulators.
Sound familiar?
Comments»
No comments yet.