Community Bankers Storm Capitol Hill
More than 1,000 community bankers and industry advocates gathered in Washington Tuesday for the Independent Community Bankers of America annual Washington Policy Summit, which runs through Thursday.
Community bankers from around the nation will meet with members of Congress to discuss issues that impact community banks, local economies and their customers.
According to an ICBA release, the bankers' lobby message includes ending what the trade association called the credit union tax subsidy, along with regulatory relief and housing finance reform. ICBA members will also voice their opposition to legislation that would raise the credit union member business lending cap.
In March, Rep. Ed Royce (R-Calif.) introduced a bill that would force regulators to categorize loans for one to four unit buildings as real estate loans, rather than business loans.
In addition to meeting with policymakers, community bankers will hear remarks from key speakers that include Senate Banking Committee members Bob Corker (R-Tenn.) and Heidi Heitkamp (D-N.D.) on Wednesday, and Federal Reserve Chair Janet Yellen on Thursday.
“Community banks nationwide are the bright spot in this country’s economic system by lending to local residents and small businesses to create jobs, fuel local economies and help entrepreneurs and small business thrive,” said ICBA Chairman John H. Buhrmaster, president of 1st National Bank of Scotia, N.Y. “We’re looking forward to speaking with our members of Congress this week so we can discuss key issues face-to-face.”