By Chairman Matt Pinnell It’s fright night time. Most of us will be visited this evening by sugar-high children and Occupy Wall Street protesters looking for–what else–a handout. Either way, it’s going to be frightening. The real fright night, however, is playing out at our community banking institutions across America. The Dodd-Frank bill passed in
Business leaders all across the country have been giving Obama’s campaign team an earful lately in regards to regulation. Rightfully so, at the current pace, the total regulatory burden for 2011 will exceed $105 billion. This burden brought on this statement from Thorley Industries CEO Robert Daley: “Regulatory compliance has certainly gotten ridiculous.” Ridiculous regulation just about nails it.