The control of the currency and the fdic, we have tried to get them aligned in what they are doing and for tailoring and to understand that The reason 50% of small and community banks have disappeared over the past 15 years has been because of a one size fits all regulatory strategy. which clearly it does not. Very good. Keep up the good work and thank you for being here today and I yield back. Chairman. (02:29–02:41)
CLAIM
Asserts that a one-size-fits-all regulatory strategy led to the disappearance of 50% of small and community banks over 15 years.
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.
