Why the Wave of De Novos May Be Only a Mirage
While some see on the horizon a wave of new banks being formed, this attorney is not so optimistic. "While there's been much talk and political theater in the past month regarding a dramatic decrease in the regulatory burden imposed upon community banks, the past month has also demonstrated that 'gridlock' in D.C. is not only not going away with a wave of a wand, it may be exacerbated by a combination of a dysfunctional executive branch, a president and majority party that, thus far, have a less-than-compatible working relationship, and a minority party in Congress that risks going not only off the rails but off a cliff with wingnut stunts to play to its supposed base." [2/21/17]
