Rortybomb

Community Banks and CFPA

I have a piece up at The Atlantic Business about community banks and the CFPA. This has made the rounds of the financial blogs (Simon Johnson, Felix Salmon and James Kwak), and I think it’s a really important point for the proponents of the CFPA to address going forward.

Caitlin Kenney at NPR’s Planet Money Blog summarizes the debate and includes a quote from a podcast interview with the American Bankers Association that is relevant to what the worry is about on the community bank’s side. Check it out.