CCBN Endorses ICBA's Plan for the New Congress and Administration
CCBN joins the Independent Community Bankers of America (ICBA) in calling on Congress to take a fresh approach to tackling damaging regulations. In a joint letter with other state community banking associations, CCBN urged lawmakers to advance policy proposals to promote a vibrant community banking sector and support the prosperity of local communities.
"Community banks in California are the backbone of our local economy, and our collective plan for the 119th Congress provides a clear and necessary roadmap to ensure their continued success," said John Lingvall, CCBN President and CEO. "From addressing overregulation to ensuring access to capital, this agenda reflects the critical priorities of Main Street banks in our state.”
In alignment with ICBA’s "Repair, Reform, and Thrive" plan for powering local economies, the outlines the following priorities:
- Fixing Destructive Regulatory Burden—Inefficient and prescriptive regulations continue to encumber community bank lending, drive industry consolidation, and inhibit local economic growth. Tailored regulation is essential to unleash the potential of community banks.
- Ensuring a Competitive Financial Landscape—Community banks must compete on a level playing field with entities engaged in similar financial activities. This balance promotes innovation and expands services for consumers and small businesses.
- Revitalizing Rural America—America’s farmers and ranchers rely on community banks to foster rural prosperity and a stronger nation. Supporting these efforts is critical to the success of rural economies in [State Name].
- Strengthening Financial Consumers—Policy changes must ensure financial stability for American consumers, providing them with the tools and protections needed to thrive.
For more information on these policy reforms, click here.