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ABA Statement on TAILOR Act of 2015 (H.R. 2896) Print E-mail
Thursday, 25 June 2015

Frank Keating, The American Bankers Association (ABA) president and CEO, says:

“ABA strongly supports the TAILOR Act of 2015, legislation introduced by Representative Scott Tipton (R-Colo.) that would require regulators to consider bank risk profiles and business models when taking regulatory actions. This type of smarter regulation would help America’s hometown banks by freeing up resources so they can better serve their customers and communities.  We appreciate this bill’s measured approach that empowers regulators to focus on real risks rather than compliance exercises.

“Over the last several years, an avalanche of new banking regulations has greatly impacted the ability of banks of all sizes — community banks in particular — to serve their customers and communities.  Many regulations have been indiscriminately applied to the whole industry whether or not they make economic or practical sense.  Regulators should be empowered — and directed — to make sure that rules, regulations and compliance burdens fit the various segments of the industry appropriately.  This bill is a critical step in that direction and we urge members of the House to support it.”

(Source - ABA News Release)  


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