Yellen: Fed Will Seek to ‘Tailor’ Oversight of Community Banks

WASHINGTON—Federal Reserve Chairwoman Janet Yellen said Thursday loan growth at community banks is an “encouraging sign of an improving economy,” though she cautioned that banks must be “prudent” in not taking on undue risk. Ms. Yellen, in remarks prepared for a conference of community bankers here, said community banks […]

Ms. Yellen, in remarks prepared for a conference of community bankers here, said community banks play an important role in the economy and their condition “has been improving” of late. Small banks failed in large numbers following the financial crisis.

Yellen

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