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Keating Discusses Real-World Implications of Reg Burden on KFGO

Posted on 4/22/2015

In conjunction with his visit to North Dakota, ABA President and CEO Frank Keating discussed the practical implications of excessive regulation for bank customers on Fargo's KFGO radio station.

Host Joel Heitkamp mentioned how in years past he could go to banker friends -- "one of whom was in my wedding party" -- and apply for straightforward loans. "Those days are over."

"That kind of character lending is the heart of the community banking model," Keating replied, noting that today's mortgage rules tie lenders' hands in terms of finding solutions for complex customer financing needs.

To listen to the interview visit:

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