Bankers are already adapting to regulatory reform

07/15/2010 | New York Times (tiered subscription model), The

Congress only recently approved the regulatory-reform bill, but bankers have been gearing up for many of the changes for some time. For example, Bank of America launched a free checking account that allows customers to receive online statements and use only ATMs. The legislation is expected to hinder banks' profit, but savvy bankers are adapting to the rules and even capitalizing on them, according to The New York Times.

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