The Headache: The Dodd-Frank Act is 2,300 pages of challenges for banks.
Our Question: What is your bank doing to get ready?
Come see what other bankers think, and add your own views
How is your bank getting ready for the new banking law?
Banks face one of the most daunting banking laws in years in the pending Dodd-Frank Wall Street Reform and Consumer Protection Act. ABA estimates that more than 300 regulatory projects will be launched in the federal agencies, and many of those will wind up in some fashion on banks' doorsteps.
In the ten-plus years of Pass the Aspirin's existence, does anything else come close to the headaches this new law will cause? We asked for bankers' preliminary thoughts on how they'll handle Dodd-Frank regs, including:
• What concerns you most about Dodd-Frank?
• Do you anticipate staffing up to handle compliance?
• Will Dodd-Frank lead you to exit any business lines?
• How will the new law affect your bank's profitability?
• Do you see any hidden opportunities in Dodd-Frank?
"Pass the Aspirin" and tell us how your bank plans to tackle the upcoming regulatory tsunami.
Let's hear your views and ideas below!(Editorial Note: Contributions to Pass the Aspirin may also appear in our print edition. While we will ask for your e-mail address, this is only as an aid to verifying identity and will not be used for any marketing or promotional purpose. The e-mail address will not be published.)
To suggest new topics for Pass the Aspirin both in print and in this blog, please e-mail firstname.lastname@example.org
For vintage Aspirin columns, go to www.passtheaspirinplus.com