FDIC Chair Martin Gruenberg shared his thoughts about community banks and the risks the FDIC sees going forward when he met with WBA members during the association’s Fall Regulatory Visit. Each year, WBA travels to Washington D.C. to meet directly with the regulatory agencies about the dynamics of Wisconsin’s banks and the local economy as well as how new regulations are impacting community banks. 

During the meeting, Gruenberg talked about the strong health of community banks, the resourcefulness of the industry, and some of the risks they see going forward such as interest rate risk, liquidity risk, and cybersecurity. The 11 attending bankers and WBA’s Rose Oswald Poels shared their concerns regarding the appraisal rules, HMDA, IT management, and succession planning by banks.  

WBA members also met with CFPB representatives on the topics of small business data collection, HMDA, TRID, and their upcoming regulatory (rule-writing) agenda.

The day before meeting with the FDIC and CFPB, bankers met with representatives from the OCC on the need for tailored regulations, OCC’s exam philosophy, and current and emerging issues. They also discussed regulatory burden and specifically addressed HMDA and appraisals.

That same day, the group met with FHFA with topics ranging from GSE reform to the Equifax data breach and tri-merge credit reports.

Thanks go out to all the bankers who are advocating on behalf of the industry during this trip. 

Attendees included Morgan Farmer, Park Bank, Holmen; Dave Feldhaus, Federal Home Loan Bank–Chicago; Corey Hoze, Associated Bank, Milwaukee; Gary Kuter, Capitol Bank, Madison; Roxi Maier, Bank of Prairie du Sac; Peter Prickett, Nicolet National Bank, Neenah; Tom Reil, Waldo State Bank; Greg Salmen, Stephenson National Bank & Trust, Marinette; Jeff Schmid, Fox River State Bank, Burlington; Daniel Shepard, Waukesha State Bank; and Dave Werner, Park Bank, Milwaukee.