Community bankers want out from under ‘crippling regulatory burdens’

The group’s “Plan for Prosperity,” a policy platform for the 113th Congress, envisions a tiered regulatory system that would hold Wall Street accountable while still providing relief to smaller “low-risk” institutions.

ICBA is asking for exemptions from some mortgage reforms, reductions in red tape involved in small business lending, and reductions in privacy notice requirements that lead to excessive paperwork.

The group is also proposing changes to the Consumer Financial Protection Bureau, modifications to the appeals process for bank exams and the creation of a new assistant secretary for community banks position at the Treasury Department.

Further details of the plan can be found here.