Michelle Bowman: “If we allow this to occur, we will end up with a system of…”

On the recordMay 15, 2023

If we allow this to occur, we will end up with a system of significantly fewer banks serving significantly fewer customers. Those who will likely bear the burden of this new banking system are those at the lower end of the economic spectrum, both individuals and businesses.

Said by

Michelle Bowman

Source

congress.gov

Editor's note · Context

Bowman warns against complex regulations harming smaller banks and customers.

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Michelle Bowman: “If we allow this to occur, we will end up with a system of significantly fewer banks serving significantly fewer…”

Editor's note · Context