The Lobbyists: Thrifts Insist They're Not Caving on Reform

By Anason, Dean | American Banker, August 11, 1999 | Go to article overview
Save to active project

The Lobbyists: Thrifts Insist They're Not Caving on Reform


Anason, Dean, American Banker


America's Community Bankers is trying to squelch speculation that the group's lobbying power on financial reform has been undermined by its proposed merger with the American Bankers Association.

Within days of the merger announcement, ACB president Paul A. Schosberg wrote House Speaker J. Dennis Hastert, Senate Majority Leader Trent Lott, and other key lawmakers to insist his group will continue to fight for its priorities. Our public policy objectives, reflective of our members' needs and goals, are firmly in place, he wrote late last month. We will betray neither our principles nor our allies.

The ACB and ABA adamantly disagree on the ability of unitary thrifts to merge with commercial companies. ABA officials also said they have no plans to change their legislative strategies.

It's going to be odd, a House Banking Committee staffer said. The ABA in some sense is co-opting the ACB.... It will make it a lot harder for the ACB to say 'These goddamn banks' in arguing its positions.

But others on Capitol Hill said the proposed merger has not undercut thrift lobbyists so far. Both sides are continuing to lobby their positions, a Senate Banking Committee staffer said. I don't think it would have any consequence for the short term.

Democratic presidential candidate Bill Bradley is using high-tech financial services in his effort to defeat Al Gore.

In response to an inquiry by Bill Bradley for President Inc., the Federal Election Commission issued an advisory opinion that campaign committees may obtain federal matching funds for debit and credit card contributions received over the Internet.

The FEC cleared the way earlier this summer with a rule that permits matches for debit and credit card payments up to $250 per contributor -- as with more traditional payment methods.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited article

The Lobbyists: Thrifts Insist They're Not Caving on Reform
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?