Comments on: Ending Crushing Regulatory Burden Job #1 at ICBA

By: Thomas M. OBrien

Thomas M. OBrien — Tue, 17 Jul 2012 15:00:18 +0000

I agree the regulatory burden must stop, we are Bankers no longer , we spend our time now responding to regulatory demands. The whole system is out of control.

By: Gary Blackburn

Gary Blackburn — Tue, 17 Jul 2012 11:21:32 +0000

This is exactly what is happening to community banks in our country. Excellent written article.

By: Tim

Tim — Mon, 16 Jul 2012 18:41:57 +0000

Mr. Fine is absoluely correct. The Dodd Frank Bill and the resulting Rules being developed by CFPB are by design Anti Small Business.

In a recent meeting to recap the SBREFA Panel between CFPB and small business there was total uniform opposition to the proposed implementation from both Banks, Banker, Mortgage Brokers and Non Profits. MBA and NAIHP were continually questioning CFPB if they had entertained utilizing just Disclosures. NJ-APMO interupted the CFPB to ask, is it their position that if Disclosures were to solve all the problems would CFPB still not consider then because of the time frame? Response: that is correct.

So the question of the day, why does the CFPB continue down the road they are paving?