WASHINGTON — Community bankers asked lawmakers to grant some regulatory relief on Wednesday, arguing the Dodd-Frank Act and other supervisory actions are pushing them to the brink of extinction.

Testifying before the House financial institutions subcommittee, bankers and credit unions said their compliance burden was simply too high.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.