The Independent Community Bankers of America (ICBA) has released a 12-page reference guide for community bankers to help them effectively navigate the various titles and provisions in the Dodd-Frank Act.
ICBA issued the reference guide for community banks to review the various titles of the act and prepare for the regulations that will be issued in the months ahead. The color-coded guide distinguishes the provisions as applying to community banks, not applying to community banks, applying to some community banks, or possibly having an impact depending on the implementing regulations.
‘Now more than ever, community banks need a no-spin reference guide to what's in Dodd-Frank and what actually affects them and their business,’ says Camden R. Fine, ICBA president and CEO. ‘By clearly seeing what affects them, community banks will be able to move forward and continue to grow their business and serve the needs of their customers and communities.’