So the default are the old rules and that's. Those may be CRA as it existed before this proposal, which actually never took effect. Right, right. Okay, that's helpful. Community banks benefited from high deposits during the pandemic. Since then, the net interest margin for community banks has fallen. What specific challenges do you see for community banks, if any? Community banks are very important. We want a banking system that has all different sizes and shapes of banks. (03:08–03:17)
CLAIM
Asserts that community banks experienced high deposits during the pandemic, but their net interest margin has since decreased.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
