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7 State Banking Bills That Matter to the Industry
 

Washington's public policy battles continue to dominate the spotlight, but important skirmishes are also playing out in state capitals. Here's a look at important banking-related bills that have been introduced in state legislatures this year, including some that have already been passed or defeated. (Image: Thinkstock)

Comments (1)
State laws do not concern the big banks involved in Payday Lending such as Wells Fargo, US Bank, Fifth-third, Regions because they can use the PERVERSE ADVANTAGE given them by the OCC to ignore state baking laws. While the exemption powers from the OCC were originally thought to be used to spur competition,in this case it allows the abuse of their own customers. Of course, other banks still wonder why the public lumps them in with these bad banks when considering "To big to fail". The industry needs to apply some peer pressure to these greedy (the after-tax ROE is over 1000% on bank payday loans) banks. Why would Dodd-Frank be relaxed when this behgavior is still present?
Posted by FrankRauscher | Tuesday, April 02 2013 at 7:48AM ET
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