WVBA In the News: Financial CHOICE Act and Creating Opportunities for Growth - By Sally Cline
Community banks play a key role in supporting small businesses and local communities across West Virginia, but regulatory complexity presents clear and apparent challenges for banks and the customers they serve.
Burdensome federal regulations continue to weigh heavily upon the U.S. financial services industry after passage of the 2010 Dodd Frank Act, and banks are struggling to comply with the massive amount of paperwork and cost to everyday operations. Furthermore, these financial rules are holding back the U.S. economy and doing little to enhance the safety and soundness of the banking market. Read more.