Community Banks Sidelined as Deregulation Flows to Wall Street

While the Trump administration rolls back financial regulations, the biggest wins are flowing straight to Wall Street. Community bankers across the country, including those serving rural Iowa, say they are missing out on their moment. They are watching from the sidelines as massive institutions reap the rewards of deregulatory pushes and cryptocurrency legislation threatens their bottom lines.

Are Community Banks Losing Their Voice in Washington?

More than a dozen current and former community bankers and lobbyists say the second Trump administration's major victories have largely gone to national lenders with trillions in assets. Meanwhile, the push to mainstream cryptocurrencies poses a bigger threat to small community banks than to their massive counterparts.