Community bankers across South Dakota and other states are facing pages of new rules passed after the banking scandals that helped create the great recession. The Dodd-Frank legislation limits many banking practices. Frank Keating is President and CEO of the American Bankers Association…
Keating says each bank faces unique financial and lending situations…
Keating says while ag commodity and land prices are down, he doesn’t think another crash is ahead, unless the government gets involved…
Keating says smaller banks don’t have the army of lawyers needed to understand and deal with the new regulations.