Bank CEOs urge proactive approach to regulations

03/16/2012 | AmericanBanker.com (subscription required)

Cathleen Nash, CEO of Citizens Republic Bancorp and a CBA board member, said her bank is taking a head-on approach to new regulations. She urged other retail bankers to do the same, suggesting, for example, that they use model checking-account disclosures. "If you're a retail banker and you want to be forward-looking and think about what's happening at your company, why wouldn't you have already mocked up your checking account disclosures in a way that you think's going to [be] responsive to regulation coming at you?" she said. U.S. Bancorp CEO Richard Davis suggested fighting battles behind the scenes while accepting and tackling new regulations.

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