Academic journal article ABA Banking Journal

Our Goals Reflect Your Concerns

Academic journal article ABA Banking Journal

Our Goals Reflect Your Concerns

Article excerpt

ABA's Government Relations Policy

Positions for 2011, adopted by our Board of Directors, reflect our commitment to the continuing importance of traditional banking.

They incorporate the concerns bankers have about capital, about compliance, and about the costs the Dodd-Frank Act will impose on our industry. We want to be sure that "reform" really does make things better for the communities we serve.

The "action priorities" the Board identified include reducing the regulatory burden for our banks and our customers, advocating capital rules that will not worsen the credit crunch, and working with banking regulators to address the dangers of excessive examination and supervisory practices.

We want policymakers to understand that earnings are key to the stability and resilience of the banking industry. We will continue to be a leader in advocating a system for valuing bank assets based on their economic use rather than their liquidation value. And we want to see that the new tools provided by the Dodd-Frank Act are used to end too-big-to-fail.

ABA will protect charter choice and the dual banking system because business flexibility is essential. And we will continue our vigorous support for the availability and vitality of mutuality.

The integrity and versatility of the payment systems is essential, and that includes the use of credit and debit cards as well as prepaid cards. As part of that, we'll work to reform laws and regulations affecting interchange to preserve the market's role in setting rates. …

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