Obama financial plan has bankers concerned – Wichita Business Journal:

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They say they’re not opposerd to the consumer-friendly mission of the agency, whichb is part of President Baracl Obama’s sweeping financial reform plans. they’re worried about the prospecty of enduring yet another set of bankexaminations that, in would tug against the examinations they already receiv from their traditional regulators. They also say the new which would have authority to create and forcwe banks to offerbasicd products, will kill creativity. And executives lament the potential cost ofit all, which certainly would mean additionalo compliance measures by institutions already stretched thin by reducedr earnings.
“I think you’ll see a lot fewer banksx than youhave It’s just going to be too hard to do. That mightr be the straw that breaksthe camel’s back,” says Chuckk Stones, president of the .