Reducing risk to taxpayers named as one motivation
By Jacob Gaffney | HousingWire
The Vice Chairman of the Federal Deposit Insurance Corp. just unveiled a proposal to regulate banks in a way he feels will be superior to current Dodd-Frank financial reform.
Speaking at the Institute of International Bankers Annual Washington Conference, Thomas Hoenig said that while Dodd-Frank is well intended, the regulations are too burdensome for all banks, “especially smaller banks.”
To remedy those issues, Hoenig presented an alternative.