With at least one community bank in every congressional district, our industry is in Washington to work with policymakers on behalf of smarter, sounder banking policies that encourage greater economic growth in local communities nationwide.
Washington, D.C. (PRWEB) April 25, 2016
Community bankers from across the nation will be swarming Capitol Hill this week for this year’s Independent Community Bankers of America® (ICBA) Washington Policy Summit, which runs through Wednesday. Attendees are bringing the message of the nation’s more than 6,000 community banks and the countless customers and communities they serve to members of Congress and regulators. Community bankers will meet with policymakers to discuss key issues affecting community banks and local economies, including regulatory relief, data security, taxpayer subsidies for credit unions and the Farm Credit System, and crop insurance.
In addition to meeting with their policymakers, community bankers will hear remarks from Senate Banking Committee member Jerry Moran (R-Kan.) and University of Virginia Center for Politics founder Larry Sabato. Attendees also will meet with the directors of key regulatory agencies, including Federal Deposit Insurance Corp. Chairman Martin Gruenberg, Comptroller of the Currency Thomas Curry, and Consumer Financial Protection Bureau Director Richard Cordray.
“Community banks are proud to make more than half of the nation’s small-business loans and 90 percent of its agricultural loans, but regulatory burdens are hampering our ability to create jobs and meet the needs of Main Street customers,” said ICBA Chairman Rebeca Romero Rainey, chairman and CEO of Centinel Bank of Taos, N.M. “With at least one community bank in every congressional district, our industry is in Washington to work with policymakers on behalf of smarter, sounder banking policies that encourage greater economic growth in local communities nationwide.”
In meetings with Congress, community bankers will advocate:
- tiered and proportionate regulation under ICBA’s Plan for Prosperity regulatory relief platform, including via the CLEAR Relief Act (S. 812/H.R. 1233), CLEAR Relief Plus Act (S. 927), Community Bank Access to Capital Act (H.R. 1523), Consumer Financial Protection Bureau Examination and Reporting Threshold Act (S. 482/H.R. 4099), and key provisions of the Financial Regulatory Improvement Act (S. 1484),
- national data-security and data-breach-notification standards for all payments system participants, including retailers, under the Data Security Act (S.961/H.R. 2205),
- an end to the unwarranted taxpayer-funded subsidies for credit unions and the Farm Credit System, and
- the preservation of the nation’s successful public-private crop insurance program.
For a full list of ICBA’s policy priorities and more information about community banks, 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. For more information, visit http://www.icba.org.