ICBA urged the Trump administration to advance key policies under its “Repair, Reform, and Thrive” plan to continue advancing policies that support community banks.
Letter to OMB: In a letter to Office of Management and Budget Director Russell Vought, ICBA called on the administration to:
Fast-track repeals of harmful and burdensome rules and reissue tiered and rightsized regulations.
Ensure meaningful community bank representation in supervision and oversight.
Advance a level regulatory playing field for institutions that pose the highest risk to economic stability.
Key Issue Areas: For instance, ICBA asked the administration to revise the CFPB’s 1071 and 1033 rulemakings, reconstitute FDIC and CFPB community banking advisory committees, prioritize executive appointments with leaders who have direct experience in community banking, strengthen compliance oversight of nonbanks, and resume consumer compliance examinations of large financial institutions.