Print

CBAI Urges Consensus on Senate Regulatory Relief Bill

May 20, 2015

The Community Bankers Association of Illinois has joined a coalition of ICBA affiliate state community bank associations to urge all members of the U.S. Senate Banking Committee to work to reach a consensus on meaningful community bank regulatory relief ahead of Thursday's (May 21st) markup of the Financial Regulatory Improvement Act of 2015. This legislation includes several provisions from ICBA’s Plan for Prosperity and offers much needed relief for community banks.

CBAI also communicated separately with Senate Banking Committee member Mark Kirk and Minority Whip Richard Durbin regarding this legislation, stating it provides an important opportunity to ease the regulatory burden on Illinois community banks. CBAI urged a broad bipartisan consensus on meaningful community bank regulatory relief which can quickly be enacted into law. Such relief must not be delayed, is too long overdue, and is critical to the economic vitality of Illinois community banks and the customers and communities they serve. Read Coalition Letter.