Banking laws in chaos

Perspective: More model regulations would benefit banks, borrowers

The time has come for federal and state lawmakers and regulators to sort out the complicated and conflicting laws that now govern the nation’s banking system. One good approach that’s already gained some traction is federal laws that can be copied at the state level and thus applied to both national and state banks. More of the same approach would be beneficial for banks, borrowers, regulators and the banking system.

Two examples illustrate the problem: