Banks with less than $1 billion in assets had the highest compliance-related costs as a percentage of operating expenses, according to a recent study the CFPB conducted measuring the financial impact of deposit regulations on seven banks, ranging in asset size from under $1 billion to over $100 billion. First, in its examination of costs by business function, the bureau found that compliance costs appear to be concentrated in operations, information technology, human resources (as it relates to employee training), compliance and...