Appeals process needs a boost
The regulatory examination process has a significant impact on every bank in the country. Examiners are under pressure from Congress to vigorously enforce compliance with a myriad of laws, while bankers are incentivized by shareholders to minimize spending on overhead such as compliance. The tension can skew the meaning of exam findings. That’s why I am interested in the work of University of Alabama Professor Julie Andersen Hill who is advocating for changes to the regulatory exam appeals process.
Congress recognized the potential for inaccurate initial . . .
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