Community Banking

Hensarling: Choice Act to ‘Remove Bureaucrats from the Boardroom’

If passed, the Financial Choice Act will serve as a “deregulatory life preserver” for community banking institutions, said the bill’s architect, House Financial Services Committee Chairman Jeb Hensarling (R-Texas), in remarks at the American Bankers Association’s Government Relations Summit this morning.

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Burgess: Regulatory Overload Hinders New Bank Startups

Excessive regulation discourages investors from launching de novo banks, thus reducing capacity for economic growth and financial choices for consumers and businesses across the country, ABA Chairman-Elect Ken Burgess said in congressional testimony today.

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ABA, Groups Urge No Cuts to CDFI Fund

ABA, joined by the Independent Community Bankers of America, Community Development Bankers Association and National Bankers Association, today urged congressional leaders to maintain strong funding levels for the Community Development Financial Institutions Fund and its Bank Enterprise Award program in the remainder of fiscal year 2017 as well as FY 2018.

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