3 ms·
I think that number was supposed to be pre-Dodd-Frank (or Durbin-exempt).
by loosescrews 5y ago
I think that number was supposed to be pre-Dodd-Frank (or Durbin-exempt).
- alberth 5y agoAh. Yes, that makes more sense - though definitely should be called out for those readers unaware of the regulatory change. Rumors have it there’s another change also on the US horizon.
- Cederfjard 5y agoIt makes sense to me, since it’s in chronological order. If you read the whole article, you get the whole and up-to-date picture. Also don’t forget the exemption for banks with less than $10 billion in deposits - presumably that’s pretty relevant to a lot of his readership, given fintechs and how they partner with community banks on this.