Independent Community Bankers of America President and CEO Rebeca Romero Rainey is asking federal banking regulators to finalize their rules regarding a key provision of the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA).
Section 201 of EGRRCPA directs the agencies to set a community bank leverage ratio (CBLR) between 8 percent and 10 percent.
Read on for details from Rainey’s letter to the Federal Reserve, Federal Deposit Insurance Corp. and Comptroller of the Currency regarding her concerns about the proposed 9 percent community bank leverage ratio.
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