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Article: Charters should be based on function. (bank charters) (Column)
- Article from:
- American Banker
- Article date:
- May 21, 1992
- Author:
CopyrightCOPYRIGHT 1992 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Few people except bankers and their regulators know or perhaps care about the avalanche of regulation and red tape that is about to descend on the industry in the wake of the socalled reforms of 1991.
If the consequences weren't so serious for banks, their customers, and the economy, this worst-ever example of bank overregulation would be worthy of a comedy-club act.
But small banks, which operate with minimum resources and require maximum efficiency to survive, are not laughing.
Small Banks Overburdened
The Federal Deposit Insurance Corp. Improvement Act of 1991 will hurt these otherwise highly efficient businesses, simply because ...