CBAI Urges Federal Regulators to Ease Regulatory Burden

The Community Bankers Association of Illinois called on federal banking regulators to address outdated, unnecessary, and unduly burdensome regulations of community banks.  In a May 14, 2015 comment letter on the review required by the Economic Growth and Regulatory Paperwork Reduction Act (EGRPRA), CBAI highlighted the need for tiered regulation, urged regulators to comply with the law and equally pursue Prompt Corrective Actions (PCAs) against too-big-to-fail banks, and recommended an increase in the Community Reinvestment Act's (CRA) asset thresholds for small and intermediate-small institutions. Read CBAI Comment Letter.