ABA Continues Grassroots Push as 2,300 Letters to Congress Roll In

ABA’s newest grassroots alerts have resulted in more than 2,300 letters to members of Congress urging them to support or co-sponsor several bipartisan bills introduced as part of ABA’s Agenda for America’s Hometown Banks:

• Data security: This alert urges senators to co-sponsor S. 921, which would strengthen data security standards for all players and recognize the high standards already employed by the banking industry.
• Mutuals and thrifts: This alert urges House members to support H.R. 1660 and H.R. 1661, which would help thrifts and mutual banks serve their customers while retaining their unique charter and ownership models.
• Exam fairness: This alert urges members of Congress to support S. 774 and H.R. 1941, companion bills that would address banker concerns about fairness in exams.
• Regulatory relief: This alert urges House members to get behind H.R. 1389 and H.R. 1233, two packages of regulatory relief measures that would designate mortgages held in portfolio as Qualified Mortgages, reduce the burden of needless privacy notice paperwork, extend the exam cycle for more institutions, simplify the Call Report and eliminate disadvantages in Basel III for the 2,000 Subchapter S community banks, among others.

ABA encourages all bankers to write their senators and representatives. Bankers can click on the links above to use ABA’s automated system to send customized letters urging their members to co-sponsor the bills. For more information, contact ABA’s Erin Scheithe.