Bessent and Hagerty Push FDIC Overhaul to Boost Community Bank Strength

TLDR: Treasury Secretary Scott Bessent and Senator Hagerty urge FDIC reform to protect community banks from collapse. Community banks have lost 45% of their numbers since 2010, shrinking their share of U.S. loans and assets. The Dodd-Frank Act entrenched big banks, creating an uneven playing field for small and mid-sized lenders. Raising FDIC limits could [...]

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