ABA yesterday urged bankers and state associations to ramp up their communications with members of Congress and “tell your story” when explaining why various legislative solutions are needed.
“There is no time for rest,” ABA said in a memo that encouraged bankers to call or meet with their members of Congress and share specific examples of how policy issues impact the bank’s customers and community. Echoing statements made by congressional leaders at ABA’s Government Relations Summit last month, ABA stressed that the industry’s efforts must be bipartisan.
The memo also previewed two bills that are expected be introduced soon, both advocated by ABA and the state associations: a “tailored regulation” bill that would direct regulators to ensure that rules and compliance burdens are tailored to a bank’s business model and risk; and legislation requiring all involved in the payment system to protect customers’ personal information.
The memo also updated bankers on progress made to date in advancing ABA’s Agenda for America’s Hometown Banks.
