The Federal Reserve Governor is pushing for less restrictive oversight on community banks so that they can focus on core business and cyber security issues. Many of the Dodd-Frank law provisions, passed after the 2008 subprime crash, targeted financial institutions that were bailout recipients and had inordinate influence on the stability of the US financial system. New rules under consideration would lessen the regulatory requirements for smaller, community banks with under $10 billion in assets. For more information on this topic click here.