written by Tom Beisner

Tom Beisner head shot

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

E-mail

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