House Subcommittee examines Reg. Q repeal

U.S. lawmakers are working to assess the potential impact of the repeal of Regulation Q, a Depression-era rule that until recently prohibited banks from paying interest on business checking accounts. Some industry participants say the repeal of Regulation Q under the Dodd-Frank Act will benefit consumers. Community bankers, however, fear the repeal could ultimately put their firms at a competitive disadvantage. Read on to learn more about the debate.