Even though some of them have some of the healthiest balance sheets, business models, and relationships in the entire financial sector, the fact is compliance costs, at least a portion of them, are often fixed costs.
Toomey explains that small banks face high compliance costs despite strong financial health.
Share
More from Pat Toomey
It's a budgetary gimmick that has the intent of making it possible to have a huge explosion in unrelated spending. This is not what this bill was about. We can fix it. We can do it immediately.
If Congress is serious about the threats that face us, it must be similarly serious about supporting American innovation.
If Congress is serious, if we are serious about the threats that face us, regardless of the politics, it must be similarly serious about supporting American innovation.
Other voices in this conversation
