Report on October CBAI Staff Visit to Washington, D.C.

CBAI’s SVP Federal Governmental Relations David Schroeder was in Washington, D.C. throughout the week of October 8. This quarterly visit came just weeks away from the upcoming general elections, near the end of the115th Congress and as the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) is being implemented by banking regulators. See Implementation Matrix.

In addition to Hill meetings with the Illinois Congressional Delegation, Schroeder focused on meetings with the Federal Reserve, Office of Comptroller of the Currency, Federal Deposit Insurance Corporation, Consumer Financial Protection Bureau, Federal Housing Finance Agency and the Council of Federal Home Loan Banks to encourage the swift implementation of long-overdue, well-deserved and meaningful regulatory relief for community banks. Other topics discussed included additional regulatory-relief measures, payments-system improvements, FDIC deposit-rate caps, modernizing the CRA, GSE reform, agriculture and rural America and credit union/Farm Credit System expansion of powers. Schroeder also conferred with senior government-relations staff from the Independent Community Bankers of America (ICBA). Read More About the Policy Priorities Discussed at These Meetings.