FDIC may rethink Camels scoring for smaller banks, says chair

Community banks want end to public shaming of those who fail key supervisory test

camel puzzle - Getty - web.jpg
The Camels rating system is proving a puzzle

The Federal Deposit Insurance Corporation (FDIC) is going to take a look at the Camels rating system, its chair, Jelena McWilliams, told a Senate banking committee hearing on October 2.

McWilliams, who was confirmed in her role in June, told senators that since that date, her agency has been focusing on efforts to reduce the compliance burden on community banks.

“In the coming weeks and months, we will address other regulatory issues, including priorities like small dollar lending, the consist

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