Community banks have a unique business model, one that requires doing right by our customers. Because you are one-of-a-kind, because you are unique, you deserve unique representation, which is why ICBA is here.
New Orleans, La. (PRWEB) March 07, 2016
Independent Community Bankers of America® (ICBA) President and CEO Camden R. Fine told community bankers gathered at the ICBA Community Banking LIVE® 2016 national convention that ICBA will always have their back. Fine told the community banking industry audience that ICBA has but one mission: to create and promote an environment where community banks flourish.
“Community banks have a unique business model, one that requires doing right by our customers,” Fine said. “Because you are one-of-a-kind, because you are unique, you deserve unique representation, which is why ICBA is here.”
While ICBA has spearheaded a successful push for tiered regulation—in which banking rules are designed to be proportionate to size and risk—the largest and riskiest financial firms still enjoy preferential treatment in many respects, Fine said. Despite this inequity, ICBA, its affiliated state community banking associations and the nation’s community bankers achieved numerous policy victories in 2015.
Fine cited several provisions of ICBA’s comprehensive Plan for Prosperity recently signed into law, including measures eliminating redundant privacy notice requirements, extending the 18-month exam cycle to more institutions, expanding access to Consumer Financial Protection Bureau rural mortgage lender benefits, and allowing thrift holding companies to take advantage of recent Securities and Exchange Commission registration thresholds.
Acknowledging that more work needs to be done to advance banking rules that are tiered to the size and complexity of regulated institutions, Fine closed by thanking the nation’s community bankers for their advocacy and vowing to remain vigilant to the cause.
“ICBA will always have your back. We will always be there—committed to you,” Fine said. “Because we know who we fight for—we know what’s at stake! And we will never, ever let you down!”
For more information about Fine and ICBA, visit http://www.icba.org.
The Independent Community Bankers of America®, the nation’s voice for more than 6,000 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services.