CBAI Urges Federal Regulators to Ease Regulatory Burden

September 8, 2014

The Community Bankers Association of Illinois (“CBAI”) urged federal banking regulators to address outdated, unnecessary, or unduly burdensome regulation of community banks. In a recent comment letter on the review required by the Economic Growth and Regulatory Paperwork Reduction Act (“EGRPRA”), CBAI highlighted the need for tiered regulation and called on the regulators to encourage de novo bank formation, ease the quarterly Call Report burden, and increase the Small Bank Holding Company Policy Statement threshold to $5 billion (and allow small savings and loan holding companies to be covered by the Policy Statement). Read Comment Letter.