Mississippi Bankers Association

Regulators Respond to ABA Concerns; Address 'Overzealous Examiner' Issue
As reported in Friday's special Daily Newsbytes, ABA's message about overzealous examiners is resonating with the regulators. The federal financial regulatory agencies and the Conference of State Bank Supervisors issued a statement emphasizing that financial institutions that make prudent small- business loans after comprehensively reviewing a borrower's financial condition will not receive supervisory criticism. The regulators also cautioned banks not to overreact to the economic downturn by curtailing credit.

ABA, which has stressed in congressional testimony, and in talks with administration officials and regulators, that examiners were discouraging banks from making solid loans, welcomed the statement and encouraged bankers to reference it as needed during exams.

"This statement is one of the most positive developments we've seen and can give bankers a powerful tool to help them in their exams," ABA EVP Wayne Abernathy said. "Here the bosses are saying, 'Don't straitjacket banks' ability to lend to their good customers.' ABA and our members have been beating this drum long and loud and we're pleased to know the message has been received

Abernathy said ABA will work to make sure that this announcement holds true during exams, since there have been numerous examples of policies set in Washington not being carried out in the field. He encouraged banks whose exam experience contradicts today's statement to contact ABA so that such issues can be raised with agency leaders. Read the FFIEC statement. Read an ABA backgrounder on bank lending. For more information, contact ABA's Mark Tenhundfeld.

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