Review of CSBS research showing community banks pay more for compliance

This episode examines a research report from CSBS titled “Too small to scale: What 10 years of data say about community bank compliance costs.” The report found that smaller banks reported spending 11% to 15.5% of their payroll on compliance tasks, compared with 6% to 10% for the largest banks. Data-processing costs consume 16.5% to 22% of small banks’ budgets versus 10% to 14% for larger banks. Consulting costs diverged the most, at roughly 50% to 64% for the smallest banks compared to 19% to 30% for the biggest banks. A link to the report is included below.

Link: Too Small to Scale: What 10 Years of Data Say About Community Bank Compliance Costs | CSBS