ICBA Statement on Council of Economic Advisers Report

Washington, D.C. (Aug. 10, 2016)—Independent Community Bankers of America® (ICBA) President and CEO Camden R. Fine released the following statement on today’s Council of Economic Advisers issue brief on community banks.

“The excessive regulatory burdens that limit the ability of community banks to serve their communities are not due to any one law, but to numerous laws across decades of increasingly complex and onerous regulations. That is why a comprehensive approach to regulatory relief, such as ICBA’s Plan for Prosperity platform, is needed to help community banks dedicate their resources to promoting economic and job growth instead of meeting paperwork mandates.

“Today’s Council of Economic Advisers brief expresses support for regulatory requirements that are tailored to the unique role and lower risks of community banks—a bipartisan priority that avoids one-size-fits-all regulations. ICBA will continue advocating tiered and proportional regulations that allow community banks to reach their full potential as catalysts for locally based entrepreneurship, economic growth and job creation.”

About ICBA
The Independent Community Bankers of America®, the nation’s voice for more than 6,000 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services.