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Hoenig calls for tailored relief for community banks

FDIC Vice Chairman Tom Hoenig is the latest federal banking regulator to emphasize the need for community bank regulatory relief. In his view, federal regulations should be tailored to the bank's business model and its risk profile. Using these criteria would result in a significant benefit to 94 percent of the banks in the United States.

"None of the banks with more than $100 billion in total assets meet these criteria; and only 90 of the more than 4,000 banks with less than $250 million in total assets fail to meet these criteria," Hoenig said in a April 15 speech.

Read the speech by clicking here.

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