ICBA urges Congress to update regulatory thresholds

ICBA urged Congress to pursue a much-needed update to regulatory thresholds created by the Dodd-Frank Act.

Details: In a letter to House Financial Services Committee leaders ahead of a hearing on Dodd-Frank, ICBA said raising various thresholds would be a commonsense way to ensure exemptions put in place decades ago continue to effectively exempt community banks.

New Thresholds: To assist in this initiative, ICBA undertook a thorough review of outdated regulatory thresholds that create a deadweight burden and expense for community banks and shared the results with the committee.