Members of Congress and the American public should consider why credit unions are acting like the nation’s largest banks while enjoying tax and regulatory advantages, according to a new MarketWatch opinion piece (subscription required).

Federal and state financial regulators issued a joint statement saying they recognize the serious impact of Hurricane Helene on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision.

Regulatory burden has risen to the top of community banker concerns alongside cost of funds, according to the Conference of State Bank Supervisors Annual Community Bank Survey.