Center for American Progress

Don’t Let Big Banks Sabotage Reg Relief for Small Banks
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Don’t Let Big Banks Sabotage Reg Relief for Small Banks

Some members of Congress are trying to pass concessions for big financial institutions under the guise of protections for community banks.

Congress is back in town and racing to complete its budget work before a looming Dec. 11 deadline. But rather than focusing on getting the job done, some in Congress are attempting to sneak special interest provisions into the budget.

In doing so, they risk shutting down the government. And to what end?

They’ll tell you they’re trying to help community banks. But what they’ve really got on their minds is helping big financial institutions and undermining consumer protection.

The above excerpt was originally published in American Banker BankThink. Click here to view the full article.

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Michael Barr

Senior Fellow