ICBA reiterated calls for federal banking regulators to lower the community bank leverage ratio to 8 percent following growing congressional support for more meaningful relief to the nation’s community banks.
ICBA’s comments follow similar calls
from House Financial Services Committee Republicans, led by Rep. Denver Riggleman (R-Va.) last week, and a separate Senate Banking Committee Republican effort
, led by Chairman Mike Crapo (R-Idaho) and member Jerry Moran (R-Kan.), urging bank regulators to do right by community bankers and provide needed community bank relief as authorized by Congress.
“We appreciate the strong support by House and Senate leaders on this effort to set an 8 percent CBLR, which would benefit more than 500 additional well-capitalized community banks," ICBA President and CEO Rebeca Romero Rainey said in a statement.
Read ICBA Release