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You can make the difference,
Mike
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It's exciting to hear U.S. Senators talking about our impact on last year's elections and the $500,000 we drove into the winning campaigns of both Joni Ernst in Iowa and Cory Gardner in Colorado. They know we are actively organizing in all 50 states so that we can double that amount and drive over $1 million into two key races in 2016.
In order to meet this goal, we need point people around the country that can help us build small lists of friends of traditional banking in their local areas. Below is the roster of our Fifty State Banker Board. If your state is not represented, please consider joining us! If your state is represented already, please join us as one of our district captains. We can't do it without your help. (If interested in learning more, please reach out to mike@friendsoftraditionalbanking.com)
- Dale Cole (Arkansas), CEO & Chairman, First Community Bank
- Steve Gilbert (Arizona), Exec VP & CCO, Mohave State Bank
- James Beckwith (California), CEO & Pres, Five Star Bank
- Mark Bower (Colorado), EVP CFO/COO, Home State Bank
- Bryan Luke (Hawaii), Pres & COO, Hawaii National Bank
- Mike Olson (Iowa), VP, Lincoln Savings Bank
- Frank Carson (Kansas), Pres & CEO, Carson Bank
- Joye Hunt (Kentucky), SVP & CFO, PBK Bank
- Guy Williams (Louisiana), Pres & CEO, Gulf Coast Bank & Trust
- Doug Chaffin (Michigan), Pres & CEO, Monroe Bank & Trust
- Bob Buth (Minnesota), Pres, Bell State Bank & Trust
- Harold Miles (Missouri), Pres & CEO, Bank of Advance
- Mike Long (New Hampshire), Pres & CEO, Community Guaranty Savings Bank
- Jay Jenkins (New Mexico), Pres & CEO, Carlsbad National Bank
- Terry Shirey (Nevada), Exec VP & CFO, Nevada State Bank
- Michael Steen (Ohio), Pres & CEO, The Community Bank
- Brad Swickey (Oklahoma), Pres & CEO, Valliance Bank
- Alan Lackey (Texas), Pres & CEO, Lone Star Bank of West Texas
- Mott Ford (Tennessee), CEO, Commercial Bank & Trust
- Roger Shumway (Utah), EVP, Bank of Utah
- Denise Portmann (Washington), Pres & CEO, Bank of the Pacific
- Tim Aiken (West Virginia), Pres & CEO, Union Bank
- Jeff Wallace (Wyoming), Pres & CEO, Wyoming Bank & Trust
*Titles used for identification purposes only.
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CFPB Data Grab: Punishing traditional banks
One of the reasons Friends of Traditional Banking is working hard and strategically to change how Congress views banks is because of frustrations with unintended Dodd-Frank consequences. For example: In November 2014, the Bureau of Consumer Financial Protection Bureau (CFPB) ordered three financial services core processors to provide large amounts of data about the overdraft program services each processor provides to depository institutions, including smaller community banks. Among other things the CFPB also asked these processors to provide the configurations of those services. It's justification? The order "is intended to help the Bureau carry out its market monitoring obligations." This request for information cannot be fulfilled without incurring significant costs, and one of the processors has informed its clients that its costs will be passed through to its bank clients. This is outrageous. Data about the banks and their customers are taken without the banks even knowing first, and then banks are sent the bill!! The CFPB has no specific jurisdiction over bank data processors. Nevertheless, these "orders" are in process and a small number of community banks are bearing the costs of this compliance effort while the CFPB has no responsibility to pay for what it costs to provide this detailed information. And the agency's budget is virtually unlimited. Consequences such as this one are just one more reason why we need to continue to push for regulatory change in Congress. To do that FOTB must gear up its effort to have a meaningful impact on key races in the 2016 election.
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About Friends of Traditional Banking: 
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Donate to help us grow in 2015!
Help Friends of Traditional Banking grow our nationwide network. The groundwork we lay this year is critical to more victories next year. CLICK HERE to see how to make an easy online donation or where to mail a check.
Friends of Traditional Banking is a non-partisan grassroots effort, organized by bankers. We have over 15,000 members in all fifty states, choose two Congressional races each cycle, and encourage our membership to donate directly to those campaigns.
Paid for by Friends of Traditional Banking. Not authorized by any candidate or candidate's committee. www.FriendsOfTraditionalBanking.com
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