Scott Bessent Unveils Regulatory Focus on Community Banks

U.S. Treasury Secretary Scott Bessent announced an increased focus on regulatory oversight for community banks, aiming to ease compliance burdens and support growth. He highlighted plans to enhance financial regulations, with targeted rules for these institutions, while modernizing capital and liquidity rules to bolster lending activities and economic resilience. Bessent emphasized a shift in policy towards supporting all banks, ensuring they have the opportunity to thrive and providing access to capital for Americans in need.