Community bankers fear “reform”
May 29, 2010 | federal legislation, industry | Comments (0)Join the club. The Congress took a shot at Wall Street and seems to have hit everyone else. From the story:
N.C. Bankers Association President Thad Woodard compares pending financial-services reforms to a pendulum swinging toward an extreme point before returning to its equilibrium.
But while he believes reforms will ultimately be good for the industry, Woodard and North Carolina’s community bankers are fearful of the unknowns they say could harm small lenders in the meantime. And they’re lobbying Congress to soften the blow.
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