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Is FDIC preventing new banks from forming?
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Banking
Tuesday, July 26, 2016
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Why has the FDIC only approved three new bank applications since 2011? This was the subject of a July 13 House Committee on Oversight and Government Reform hearing, where lawmakers examined why new bank formation is sluggish, and what risks this may pose to the financial sector. Here’s what the FDIC, community bankers, researchers and lawmakers had to say about this alarming trend.
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