ICBA to Senate panel: regulatory overkill threatens small firms


WSBI U.S. member tells Small Business Committee excessive rules restrict SME lending

​​​​​​​WASHINGTON, 8 April 2015 – ICBA Treasurer Preston Kennedy told the Senate Small Business Committee that excessive regulations are restricting community bank loans to small businesses. 

At a field hearing in Baton Rouge, La., Kennedy repeated ICBA’s call for lawmakers to support continued small-business lending by advancing legislation with provisions of ICBA’s Plan for Prosperity. Kennedy called on Congress to advance several bills inspired by the Plan for Prosperity, including legislation to provide relief from new mortgage regulations and to support greater accountability in bank exams. 

SME finance; Regulation; Mortgage credit