Drive Economic Growth
Banks are the key drivers of economic prosperity for consumers and communities everywhere, best served by well-functioning financial markets that promote broad and fair access to financial services for all Americans. Regulatory policy should seek a balance that frees bank resources to advance positive customer outcomes while promoting a stable market environment.
Embrace Policy Opportunities
Congress, the administration and bank regulators have wide-ranging opportunities to solve marketplace and regulatory issues that impede economic growth and restrict the banking industry’s ability to serve consumers and small businesses. Seize the opportunity to address these important concerns.
New banking technologies have the potential to increase U.S. competitiveness, promote financial inclusion, and expand access to banking services that drive the economy. Policymakers should facilitate innovation through smart regulation, preserve the integrity of the payments system and protect banks and consumers against bad actors.
Level Playing Field
Marketplaces have changed, and a host of once-narrow industries have entered the mainstream. Government policies must be updated to reflect those changes, eliminating unnecessary subsidies while ensuring a level playing field for similarly situated institutions. Price controls should be eliminated.