FOTB Executive Committee Member and CEO of Sacramento-based Golden Pacific Bank Virginia Varela weighed in recently in the Sacramento Business Journal about reg reform. Here's what she had to say!

House should pass banking reform for small banks and consumers

 
Last month, the Senate passed the "Economic Growth, Regulatory Relief and Consumer Protection Act" (S. 2155). This bill would provide the most significant scaling back of financial regulations since the economic crisis ten years ago.

S. 2155 passed with astonishingly wide bipartisan support at 67 votes to 31.

But, in spite of deep support from those who understand it, this bill still needs to be approved by the House, where Republicans have been pushing a more aggressive rollback of financial regulations. Now a stubborn standoff between powerful House Republicans, Senate Democrats and the White House threatens to completely derail the effort.

Two easy ways YOU can 
ENCOURAGE REG REFORM
 
Friends of Traditional Banking appreciates our partnership with other industry organizations. We ask you to:
 
1. Sign the Petition to Enact Community Bank Regulatory Relief Immediately organized by the Independent Community Bankers of America (ICBA), here: http://www.icba.org/icba-forms/advocacy---regulatory-relief-petition-form 
2. Send an email to your U.S. Representative through the American Bankers Association (ABA)'s Grassroots Action Alert here: https://action.aba.com/2Rb8vJe
 
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 
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Read the full article here: 
http://blog.bankonitusa.com/?q=node/78
 
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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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