According to a survey from SNL Financial, since the inception of the Dodd-Frank Act, small banks have felt an increasing squeeze from the costs to ensure compliance with increased rules and regulations.
SNL said that in the survey, 35% of respondents said compliance costs jumped by 30% or more in the last five years, with another 27% reporting a lift between 20% and 30%.
Relations between banks and regulators have soured in the last five years as well, as 40.3% of respondents characterized such relations as deteriorating, compared to only 12.7% that thought they improved.
Read the full release from SNL here.