Regulators ask Congress to give small banks a break


Janet Yellen on Dodd-Frank: ‘I wouldn’t want to see the clock turned back’

Seeking to provide some regulatory relief to community banks and other small financial institutions, bank regulators are asking Congress to consider several changes to the 2010 Dodd-Frank financial reform laws.

The regulators, which include the Federal Reserve and Federal Deposit Insurance Corp., sent dozens of pages of testimony to lawmakers ahead of a Senate Banking Committee hearing Thursday on how to improve economic growth by loosening regulations on smaller-sized banks.

by CNN Money