Fed's Tarullo Open To Easing Regulatory Burden On Small Banks

Federal Reserve Governor Daniel Tarullo said Thursday he was open to easing the burden of new Dodd-Frank regulations on community banks. Since Dodd-Frank was passed in 2010, smaller banks have complained that they are being caught in too much red tape. In a speech to the Independent Community Bankers of America, Tarullo said regulators "should explore whether we can achieve the safety and soundness purposes of capital regulation in a simplified way." Tarullo is the Fed's point person on bank regulation.