The American Bankers Association (ABA) and most bankers believe that the creation of a new regulatory agency to oversee consumer protection is a bad idea. The ABA on it’s website is “asking all bankers to contact their Members of Congress to let them know that creating creating a new consumer agency is not the solution. It would only complicate our existing regulatory structure by adding another layer of bureacuracy with no guarantee of better consumer protection.”
The banks responded overwhelmingly! Here is a chart I found on the Oklahoma Bankers Association website that shows the response of bankers by activist state. Overall a good showing for our clients in MO and Oklahoma. Congratulations on your involvement!
|
State |
|
Fax |
Printed |
Bankers |
Total |
|
TX |
3,869 |
1,057 |
121 |
1,549 |
5,047 |
|
OK |
4,432 |
467 |
65 |
1,415 |
4,964 |
|
MO |
2,725 |
662 |
107 |
991 |
3,494 |
|
UT |
2,647 |
689 |
135 |
1,023 |
3,471 |
|
PA |
2,029 |
784 |
139 |
878 |
2,952 |
|
MI |
1,720 |
387 |
40 |
609 |
2,147 |
|
VA |
1,734 |
350 |
53 |
574 |
2,137 |
|
OH |
1,637 |
381 |
67 |
568 |
2,085 |
|
TN |
1,354 |
542 |
56 |
616 |
1,952 |
|
NY |
1,590 |
280 |
41 |
503 |
1,911 |
Posted by Tom Beisner, CPA, The Whitlock Company, August 4, 2009
