KULR 8: Tester talks to Bernanke

BILLINGS – Montana Senator Jon Tester pressed the Federal Reserve Chairman Wednesday over the way banking rules are applied.

Ben Bernanke spoke to the Senate Banking Committee on Capitol Hill. Tester said Montana banks complain to him about inconsistency from federal regulators.

Tester said predictability is needed so banks can make appropriate loans and address the credit crunch.

“I’m continually getting calls from community banks saying regulation isn’t consistent,” Tester said to Bernanke. “There’s got to be a way that you being the person you are can go out there and dig down and get that information because quite honestly I believe the banks because I hear it from every one of them.”

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