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Legislation aims to help small Montana banks

November 30, 2017 /

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U.S. Sen. Jon Tester unveiled legislation recently that aims to release small-town banks from being subject to the same legislation that large, national banks have been held to since setting off a financial crisis in 2008.

Tester, a Democrat from Montana, drafted the legislation with Republican Sen. Mike Crapo of Idaho.

The biggest impact Montanans may see is in the area of mortgages, said Steve Turkiewicz, president and chief executive of the Montana Banker’s Association, which has endorsed the legislation.

By PEREGRINE FRISSELL Daily Inter Lake

http://www.dailyinterlake.com/local_news/20171129/legislation_aims_to_help_small_montana_banks

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