Years ago-before the financial crisis and Dodd-Frank Act, and when the World Wide Web had just been born-bankers were so fed up with regulatory excesses that ABA and the state bankers associations launched an industry-wide grassroots campaign to "Cut the Red Tape." The campaign-which, among other things, featured bankers photographed next to a stack of all bank rules that applied to their institutions-proved fruitful. The result of three years' work was 1994's Riegle Community Development and Regulatory Improvement Act, which included more than 50 measures intended to trim some of what time had added to banks' compliance waistline.
展开▼
