Feedback: Don't Sacrifice Community Banks

  • The battle over a provision to regulate interchange rates on debit cards heated up Monday as Sen. Richard Durbin, D-Ill., released a report backing his position, and two House lawmakers launched an offensive to remove it.

    June 14
  • It’s too bad that the government does not understand that PIN debit interchange can be negotiated. If folks from Bentonville do it, why can't Uncle Sam?

    June 15
  • PSO content

    I have always felt that these organizations (the banks, networks and card brands) were "synched up" on pricing, thus the decades old process of pricing changes coming out at the same time and being virtually the same ["Durbin Warns Senate Subcommittee of Possible Visa and MasterCard Antitrust Violations," June 9, 2010].

    June 15

Saving Treasury $39 million a year, when the country is running trillion dollar deficits, is hardly justification for destroying the competitiveness of America's community banks [“New Report Adds Fuel to Interchange Debate”].

The government already stole our investments in FNMA and FHLMC, astronomically increased our FDIC assessments to bail out the failures of Federal Regulatory Oversight and is poised to allow FASB to foist mark-to-market accounting for loans and deposits upon us. 

Can't you cut the community bank world a break for a change and not blatantly try to force us all out of business?

Jack Hamilton
Chief executive officer
Charles River Bank
Medway, Mass.

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