The banking industry is already seeing positive results from ABA’s Government Relations Summit last week, ABA President and CEO Frank Keating said in an email to all bank CEOs today.
“After visiting with lawmakers and sharing personal stories about the heavy toll excessive regulation has taken on community bank customers, our attendees reported broad bipartisan interest in providing targeted, practical relief,” Keating wrote. “This receptivity to addressing the critical problem of overregulation has been building for a long time, thanks to bankers’ engagement.”
Keating emphasized the importance of continuing to press Congress to co-sponsor and pass bills that will help provide flexibility for banks and tailor regulations at an appropriate level.
