Most costs of compliance don’t vary by size and are proportionately a much greater burden for smaller institutions, Peoples FCU President/CEO Tom Brewer told members of the House Subcommittee on Financial Institutions and Consumer Credit on Monday.

Brewer was one of five witnesses scheduled to testify during a field hearing that focused on challenges facing community financial institutions in West Virginia, the home state of subcommittee chair Rep. Shelley Moore Capito (R-W.Va.).

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