On the recordJuly 11, 2023
the more requirements that are placed on them by us, federally, the harder it is for them to spend the time, the paperwork, to do those small mortgages
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congress.govthe more requirements that are placed on them by us, federally, the harder it is for them to spend the time, the paperwork, to do those small mortgages
Lummis discusses the challenges small banks face due to federal regulations.
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I am deeply concerned about that, because some of the examples pre-Sackett of enforcement actions in Wyoming would, to the naked eye of people with common sense, seem to be beyond the scope of the Federal Government.
So if your ultimate goal is to provide real consumer protection, shouldn't the SEC withdraw Staff Accounting Bulletin 121 to allow banks to provide custody?