Idaho senator to discuss financial reform plans

Idaho senator to discuss financial reform plans

Idaho Senator Mike Crapo, Chairman of the Senate Banking Committee, will join Idaho financial leaders on Tuesday, February 20th, for a press conference in Boise to discuss the economic benefits expected by the passage of financial reform he has introduced.

Crapo said that despite the political polarization that has become the new norm in Washington, there is one issue that Republicans and Democrats can agree on this year — promoting local economic growth through our nation’s small financial institutions.

Chairman Crapo’s “Economic Growth, Regulatory Relief and Consumer Protection Act,” S. 2155, is working its way through the Senate after passing the Senate Banking Committee with bipartisan support. This bill, he says, will change regulation for community banks and credit unions across the country. Crapo says those financial institutions, “have struggled to keep up with regulatory compliance and examiner demands coming out of Washington”

The press conference is scheduled for tomorrow, Tuesday, February 20, at 11:15 in the Idaho
Idaho Statehouse, Room WW17 in Boise.

Expected to attend are: U.S. Senator Mike Crapo, Chairman of the Senate Banking Committee, Troy Stang, President and CEO of the Northwest Credit Union Association, Brad Swartzentruber, President and CEO of the Northwest Christian Credit Union, Trent Wright, President and CEO of the Idaho Bankers Association, and J.V. (John) Evans, III, Executive Vice President, D.L. Evans Bank