Most Americans would like to do their banking with a community institution, but don’t. This is bad news for community banks. A survey released last week, the 2015 Consumer Banking Insights study, notes that Americans feel very positively about community banks and and credit unions. The study was sponsored byRead More
Post Tagged with: "Continuity Control"
The third quarter saw a 26% rise in the compliance burden for FIs. This data arrives via the Banking Compliance Index, produced by Continuity Control, a New Haven, Conn.-based provider of a cloud-based compliance management system for community banks. The latest results of the index were announced Saturday, November 15.
The ABA’s Frank Keating argues that banks deserve “balanced, nuanced” regulatory compliance that does not upend their economic prospects, particularly for smaller community banks. But that argument rings hollow.