ADVOCATE

COMMUNITY MEMBERS

If you are reading this, you probably already know that community banks are an integral part of so many communities across the nation. Unlike the banks that are too big to fail, community banks are invested in the success of the communities and small businesses they support. If you believe in community banks and preserving the personalized care they give to their clients—reach out to your federal lawmakers and let them know. Fill in your information below to send a letter to Congress and stand up for community banking!

SAMPLE LETTER:

COMMUNITY BANKERS - BE HEARD 

Community banks of all sizes and charter types engage in reducing regulatory burden and eliminating unfair competitive advantages in lockstep with ICBA's leading advocacy experts.

ICBA works to protect the interests of community banks in Washington by monitoring federal activities that affect community banks and their customers. ICBA has a broad reach with lawmakers, regulators and policy-setting boards and helps ensure that the needs of community bankers are heard and met.

Current ICBA Priority Issues Include:

  • Relief From Crushing Regulatory Burden: Enacting targeted regulatory relief via ICBA’s Plan for Prosperity platform to help community banks support the credit needs of their customers, serve their communities, and contribute to their local economies.
  • Mortgage Lending Reform: Reforming Consumer Financial Protection Bureau (CFPB) mortgage rules to protect responsible loan products that meet consumers’ diverse needs.
  • Consumer Financial Protection Bureau: Supporting legislation that ensures accountability at the CFPB by replacing single-director governance with a five-member commission and promoting greater participation by the prudential banking regulators.
  • Data Security and Fraud: Advocating data-security principles that deter retailer data breaches, such as requiring the costs to be borne by the party that incurs the breach and implementing robust processes like those already mandated for banks.
  • Cyber-Security: Balancing voluntary cybersecurity information sharing with the need to secure customer information while ensuring federal cybersecurity legislation, regulatory frameworks or guidance recognizes existing community bank mandates.
  • Current Expected Credit Loss Model: Opposing the Financial Accounting Standards Board’s costly and onerous Current Expected Credit Loss model and advocating an alternative approach for community banks.
  • Fair Lending: Calling for consistent and transparent standards for evaluating community bank fair-lending practices and opposing any cause of action under the Fair Housing Act for disparate impact without a finding of intentional discrimination.
  • Payments Systems Access And Governance: Supporting payment systems that are competitive, progressive and secure and that offer fair and open access to all community banks so they can meet the existing and evolving global payment needs of their customers.
  • Tax-Exempt Credit Unions: Urging Congress to end the credit union industry’s unwarranted federal tax subsidy and opposing expanded powers for the industry as long as it remains exempt from taxation and the Community Reinvestment Act.
  • Tax-Advantaged Farm Credit System: Urging Congress to abolish the Farm Credit System or, at minimum, restrict it to its historical mission of serving the agricultural marketplace if FCS lenders continue to expand into non-farm lending.
  • “Pay Fors” Targeted at the Banking Sector: Strongly opposing the recent trend of targeting the banking sector with “pay fors,” such as taxes and fees, to fund new government spending unrelated to banking.
  • Community Bank Access to Capital: Supporting legislative and regulatory changes that would improve the ability of community banks to raise capital to meet the credit and banking needs of their local communities.
  • Tax Policy: Advocating tax laws that promote robust economic activity and a vibrant community banking sector and foster saving and investment.
  • Ending Too-Big-To-Fail: Curbing or ending the advantages enjoyed by too-big-to-fail banks that have resulted in a financial system plagued by excessive concentration, systemic risk, moral hazard and distorted free markets.
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