America's banks have long struggled to keep up with ever-increasing regulatory compliance and examiner demands. With the enactment of thousands of pages of Dodd-Frank Act rules, the problem is more acute than ever.
ABA believes that policymakers must move away from one-size-fits-all regulation to tailored regulation that corresponds to a bank’s charter, business model, geography and risk profile. This policymaking approach avoids the negative economic consequences of burdensome, unsuitable and inefficient bank regulation.
To encourage action by the 115th Congress, ABA is asking bankers to urge their lawmakers to support regulatory relief legislation for America's banks - and the customers, clients and communities they serve.