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Stephen A. Yoder, counsel in the firm’s Birmingham, Ala., office and member of the Financial Institutions and Services Practice Group, was quoted by the Birmingham Business Journal on May 26, 2015, regarding the Senate Banking Committee’s approval of Sen. Richard Shelby (R-Ala.)’s regulatory reform bill for financial institutions on May 21, 2015. If passed, the bill could free regional banks with less than $ 1 billion in assets from some current regulation. Mr. Yoder commented on the effects of the proposed bill on local banks, including reducing regulatory costs and making the examination process less frequent.

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