Jeff Plagge, the president and chief executive of Northwest Financial in Arnolds Park, Iowa, and the new chairman of the American Bankers Association believes regulation remains a large industry challenge.
As the new ABA chair, Plagge "pledges to lobby hard for adjustments to Dodd-Frank Act regulations and rules from the Consumer Financial Protection Bureau, particularly those affecting mortgages and payments," writes American Banker's Paul Davis.
"I think everybody has come to a conclusion that nobody is up for the total repeal of Dodd-Frank or [the qualified mortgage rule]. We're down now to tweaking and refining what's out there," says Plagge of the banking industry's biggest issue.
For the full piece see "New ABA Chair: Stop Fretting About Regulations, Focus on Customers" (may require subscription).