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The Independent Community Bankers of America® (ICBA) and the nation’s community bankers today lauded the members of Congress who, despite frequent deep partisan divides, voted to pass the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155)—legislation that will spur greater consumer access to credit and business lending in Main Street communities nationwide. The House passed the ICBA Plan for Prosperity-inspired legislation with a bipartisan 258-159 vote following the Senate’s 67-31 vote in March, sending the bill to President Trump to be signed into law.

“This hard-fought, long-awaited community bank regulatory relief legislation will put community banks in an enhanced position to foster local economic growth and prosperity. By unraveling some of the suffocating regulatory burdens community banks face, they are better able to unleash their full economic potential to the benefit of their customers and communities,” ICBA President and CEO Rebeca Romero Rainey said. “ICBA thanks Congress for passing this crucial bipartisan bill, along with the thousands of community bankers, affiliated state associations and other industry allies who have fought for years for substantial regulatory relief that will strengthen economic growth, job creation, and consumer protection in local communities.”

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