The American Bankers Association doesn’t like Senate Democrats’ financial regulatory reform legislation, and it’s providing talking points to its members to help them take that opposition directly to Congress.
“We need you to TAKE ACTION and send your letter of opposition today,” reads the ABA’s latest Action Alert.
Let your Senators know that the legislation in its current form is a bad deal for community banks who were not responsible for the financial meltdown. This bill will impose new costs and regulatory burdens on traditional banks that will make it more difficult for them to serve their communities and make more loans.
We have provided talking points to help you write your letter. Remember, the more original your letter is, the more impact it will have.
An ABA spokesman would not provide me with a copy of the talking points, but instead pointed me to by ABA president Edward Yingling, laying out the group’s numerous problems with the Dodd bill.
