03/25/2023 Congressman and Chairman of the Subcommittee on Financial Institutions and Monetary Policy Andy Barr joined others in writing letters to the Fed, FSOC Chair Yellen, California state Regulators and others demanding information regarding examination efforts and red flags leading up to the failure of Silicon Valley Bank. |
03/21/2023 Fifth Legislative Update |
03/17/2023 We have created the following as a possible press release or letter to the editor that you may use to reaffirm the strength of your bank. This is only a sample template and should be personalized for your bank. |
03/12/2023 Silicon Valley Bank (SVB) was the 16th largest bank in the United States, with more than $200M in assets, before its announced failure last week. SVB began operations in the 1980’s, with a primary focus on the area of venture backed tech businesses. |
03/12/2023 We have been staying in touch with our delegates in Washington, other state banking associations and the ABA in order to provide you with the information you might need to address any questions raised by customers, employees and press regarding the SVB failure that seemed to have occurred overnight last week. |
03/03/2023 Congressman Barr leds letter to the Consumer Financial Protection Bureau on Wednesday pushing back on the Bureau’s credit card late fee proposal. |
03/02/2023 The credit unions are in town—DC that is!
They are visiting members of Congress, including our delegates, and buttering them up for whatever new or additional privileges they are interested in now. |