Pass Financial Regulatory Reform and Watch America Grow

America's banks help their customers reach their financial goals every day — whether that's buying a home, expanding a small business or saving for retirement — but they want to do even more to open doors of opportunity and lift the U.S. economy.

The problem? Layers of duplicative and ill-fitting financial rules are keeping creditworthy customers from getting loans they need.

The solution? Congress can pass targeted, commonsense changes that can allow banks to better serve their customers and grow the economy and jobs — without compromising the important gains we've made.

The good news? There are bipartisan ideas ready for action, and even regulators agree it's time to reassess some of the rules on the books. The House has already passed one reform bill. Now it's the Senate's turn to act.

America's banks want to do more for the economy and jobs. We urge Congress to vote this year to unleash America's potential.

Why it Matters What Others are Saying Commonsense Fixes See Print Ad

Why it Matters

Rising Compliance Costs Are Contributing to the Shrinking Number of America's Banks

54% of Americans are concerned by the drop in U.S. banks over the last 10 years. Since the Dodd-Frank Act, the number of banks has fallen by nearly 2,000 while just 8 new banks have started.
Chart showing 8 bank entries for every 1,973 bank exits

Since the passage of the Dodd-Frank Act in July 2010

Americans Are Concerned Washington Has Made It Too Difficult to Get a Loan

By a nearly 3-1 margin, adults say policymakers have made it too difficult for banks to lend money to start a business

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By a greater than 2-1 margin, adults say policymakers have made it too difficult for banks to lend money to buy a home

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By a nearly 2-1 margin, adults say policymakers have made it too difficult to get a loan in general

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Source: Morning Consult survey on behalf of ABA, June 2017

What Others Are Saying

Quote symbol The Federal Reserve is committed to evaluating where reforms are working and where improvements are needed to most efficiently maintain a resilient financial system."

Federal Reserve Chairman Janet Yellen, August 2017

Quote symbol As we consider the progress that has been achieved in improving the resiliency and resolvability of our banking industry, it is important for us to look for ways to reduce unnecessary burden."

Federal Reserve Board Governor Jerome Powell, June 2017

Quote symbol Improperly tailored capital, liquidity and leverage requirements, as well as a tremendous increase in activities-based regulation, including regulatory parameters that guide loan underwriting, have undermined the ability of banks to deliver attractively priced credit in sufficient quantity to meet the needs of the economy."

U.S. Treasury Department Report, June 2017

Quote symbol When it comes to lending and job creation, the regional banks are obviously very, very important.... I hope that if we get some regulatory changes, we give some regulatory relaxation to those banks."

Dodd-Frank co-sponsor and former Rep. Barney Frank (D-Mass.), November 2016

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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.