As it stands now, banks and credit unions are facing an ever-increasing regulatory burden that they can no longer shoulder. This growing burden has had a devastating impact on small banks, forcing consolidation or failure and stifling the creation of new banks in areas that need access to credit. A December 2015 report by the Dallas Federal Reserve highlighted this problem, noting that the regulatory environment is increasingly addressing big bank processes and tends to be “one-size-fits-all,” before concluding that regulatory oversight should match the level of risk an institution poses to the financial system and economy at large. For this reason, we have written a letter to express our concern with the current regulatory framework for banks and credit unions and taken the opportunity to promote the need for “tailored” regulations that better match the business model and risk profile of different classes of institutions. The letter text can be found below. An appropriate regulatory burden permits banks and credit unions to focus their time on the surrounding community as well as save the time and resources of bank examiners.