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Thursday, November 10, 2016

ABA Gives Special Address at 10th Annual Insurance Brokerage Summit

Yesterday, Sarah Ferman, Senior Government Relations Representative, American Bankers Association gave the special address at the S&P 10th Annual Insurance Brokerage Summit. Sarah addressed the impact of the election on the banking industry in Congress and the administration. She also noted that comprehensive regulatory relief initiatives that previously failed could be revived in the upcoming legislative session, as could efforts to restructure the CFPB and pursue other changes to Dodd-Frank Act rules. Due to a lack of clear and detailed banking-related proposals from the Trump campaign, the outlook from the administration for financial services is less certain, although Trump has expressed support for overhauling Dodd-Frank and said that small banks are especially being harmed by regulatory burden.