ICBA told the House Small Business Committee that regulatory overkill poses a grave threat to community bank small-business lending.
At a field hearing
in Tulsa, Okla., ICBA leadership banker Chris Jordan discussed several initiatives from ICBA's Community Focus 2020 agenda to ease excessive and unnecessary regulations.
Jordan, the president and CEO of The Farmers State Bank in Stigler, Okla., cited Bank Secrecy Act modernization, FinCEN’s customer due diligence rule, small-business data collection, a cannabis-banking safe harbor, barriers to raising capital, and more.
Read ICBA Testimony