WASHINGTON — After months of complaints to Congress about overzealous examiners, frustrated community bankers took the matter one step further on Friday by pressing a House panel to pass legislation that would force regulators to be more lenient.
Under a bill by Rep. Bill Posey, R-Fl., banks would be allowed to treat non-accrual loans as accrual for capital purposes if they are current, amortizing, not paid from an interest reserve account and have not been more than 30-days delinquent within six months.
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