The House Financial Services Committee Blog: JOBS Act Boosting Economy and Bank Deregistrations

Reprinting a report by the Charlotte Observer, the House Financial Services Committee blog stated that community banks are finding ways to "trim regulatory costs and save money" with the help of certain provisions of the JOBS Act. According to the reprinted newspaper article, almost 100 U.S. banks were in the process of deregistering with the SEC in light of the higher number of investors that is now required to trigger a registration requirement.

View blog post and related report here (links externally to House Financial Services Committee website).