Our Tester Endorsement Gains Attention
 
On July 11, Friends of Traditional Banking announced our endorsement of Sen. Jon Tester (D-MT).Our contributions to senators willing to work across the aisle like Jon Tester are critical to maintaining continued support for traditional banking in Congress.
 
In Politico last week, our 2018 efforts and the ABA's were discussed: "Republicans and Democrats facing competitive midterm races this year are getting an early burst of support from bankers, who are riding high off the passage of a sweeping financial deregulation bill." See: https://www.politico.com/story/2018/07/12/midterm-races-bankers-financial-deregulation-bill-683384
Senator Jon Tester is a key advocate for traditional banking! Please donate to him today: 
SPOTLIGHT: 
Rep. Randy Hultgren (R-IL)

Congressman Randy Hultgren (R-Plano) is facing an energized general election opponent who is well-organized and well-funded. Congressman Hultgren has served as a crucial ally to the banking industry both at the state level while serving on the Illinois House and the Illinois Senate Financial Institutions Committees and at the federal level while serving on the U.S. House Financial Services Committee. 
 
In fact, Congressman Hultgren first ran for Congress after the Dodd-Frank Act was passed, and it has been a core goal of his to roll-back this over-burdensome law which has been so harmful to community banking. 
 
During his time in Congress, Congressman Hultgren has shown true leadership in advocating on behalf of the banking industry. He currently serves on the Financial Services Committee, where he serves as Vice-Chairman of the Subcommittee on Capital Markets, Securities and Investment, as well as serving on the Subcommittee on Housing and Insurance. 
 
Congressman Hultgren has co-sponsored countless beneficial banking industry bills over the years. In the 115th Congress alone, he has co-sponsored the resolution to roll back the CFPB Arbitration Rule (H.J. Res. 111); the BALE Act of 2017 (H.R. 831); the TAILOR Act (H.R. 1116); the CLEARR Act of 2017 (H.R. 2133); the Portfolio Lending & Mortgage Expansion Act (H.R. 2890); and the Systemic Risk Designation Improvement Act (H.R. 3312). 
 
During this Congress, Congressman Hultgren introduced a bill to require agencies to analyze the consumer privacy, identity theft, and legal risk associated with releasing mortgage applicant information related to HMDA reporting obligations (H.R. 2204), as well as a bill to support the Federal Home Loan Bank System (H.R. 2890). 
 
It is very clear that Congressman Hultgren is a true champion of the banking industry and is worthy of our support! Consider ensuring that Randy Hultgren will continue to be a voice for community banking in Congress.
LEARN MORE & SUPPORT REP. RANDY HULTGREN HERE: https://randyhultgren.com
The message below is provided by a Corporate Friend of FOTB. If you or an organization you know is interested in becoming a Corporate Friend, email 
$1 Million Ransom Demanded From Two Banks

A new ransomware tactic occurring threatens to disclose confidential bank customer information unless a ransom is paid. Criminals have figured out they can extort bigger dollars using this approach compared to simply locking up a bank president's workstation with ransomware. This creates far more reputational, legal and regulatory risks for the bank.
 
Read more about tips from our partner at BankOnIT for how to avoid this: http://blog.bankonitusa.com/?q=node/81
 
PAID for by Friends of Traditional Banking. NOT authorized by any candidate or candidate's committee.
Friends of Traditional Banking is a non-partisan grassroots effort organized by bankers in 2012 to improve the political and regulatory environment for the traditional banking industry in the U.S. FOTB is the inverse of a PAC--instead of spreading a little bit of money to a lot of campaigns, they focus a lot of money on a couple of key campaigns. 
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Friends of Traditional Banking, 175 South Main Street, Ste 1420, Salt Lake City, UT 84111