For Immediate Release
August 25, 2017
​ABA Media Contact: Sarah Grano
(202) 663-5470
Email: sgrano@aba.com​
Follow us on Twitter: @ABABankers

ABA Statement in Response to Fed Chair Yellen’s Speech on Financial Stability

By Rob Nichols, ABA president and CEO

     “We agree with Chair Yellen that the financial system is more resilient today and banks are safer thanks to post-crisis changes made by policymakers and bankers. We also welcome her acknowledgment that not all those rules are working as intended and the Fed is prepared to make ‘appropriate adjustments’ so banks can better serve their communities. In order to accelerate economic growth and make sure Americans get access to the credit they deserve, we urge that those fixes be made sooner rather than later.” 
 
The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend more than $9 trillion in loans.
 
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