CBA Statement on Fed Regulatory Proposals

Nick Simpson

 

CBA Statement on Fed Regulatory Proposals

 

WASHINGTON – Consumer Bankers Association President and CEO Richard Hunt issued the following statement after the Federal Reserve Board proposed creating a tiered regulatory structure for bank holding companies, consistent with S. 2155:

 

“The Fed took a positive step toward making regulations more aligned with the risks posed by activities instead of basing everything on an arbitrary number pulled from a hat.  

 

“All banks, regardless of asset size, have an important role in providing capital and fostering economic growth across the country. The sensible tailoring of regulations based on risk should remain a priority so banks can continue fulfilling that mission.”

 

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 About the Consumer Bankers Association
The Consumer Bankers Association represents America’s leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA’s corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on Twitter @consumerbankers.