community banks

CFPB’s Soft Spot for Small Banks HW+

As the Consumer Financial Protection Bureau (CFPB) has relayed a strong message to consumers that there is "a new cop on the beat" to protect them against unfair practices by financial services firms, the developing agency has also been expressing a commitment to protecting small banks and institutions from overwhelming regulatory burdens.    According to a blog post on the CFPB website, Elizabeth Warren, the special assistant tasked with setting up the new agency, has made an extended effort to meet with representatives of small bankers from all 50 states to discuss their concerns and discuss the CFPB's goal