ICBA Chair John Buhrmaster tells Congress regulatory overkill puts community banks, economic growth at risk.
WASHINGTON, 20 February 2015 – ICBA Chairman John Buhrmaster told Congress that regulatory overkill is putting community banking and economic growth at risk. Testifying before the Senate Banking Committee, Buhrmaster said American communities will be deprived of essential banking services unless Washington rolls back excessive, one-size-fits-all banking regulation.
Buhrmaster urged Congress to continue advancing legislation with provisions of ICBA’s Plan for Prosperity regulatory relief platform. The Plan for Prosperity includes provisions that would offer community banks relief from certain mortgage regulations, improve access to capital, and reform regulators’ oversight and examination practices.
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