WASHINGTON - The American Bankers Association's governmental relations council is scheduled to take up serious discussions of deposit insurance reform at its annual conference today and Thursday.
James Chessen, chief economist of the ABA, said the group is expected to review the group's strategy for pushing reform and "firm up the options and the concepts that we have talked about in the past."
Art Murton, the director of the Federal Deposit Insurance Corp.'s insurance division, is scheduled to address the approximately 300 bankers attending the conference today. At the same time, FDIC Chairman Donna Tanoue is expected to speak on reform issues at the Independent Community Bankers of America conference in Las Vegas.
In addition to deposit insurance reform, Mr. Chessen said the ABA group, which will also include the leaders of affiliated state associations, plans to discuss issues related to subprime and predatory lending, and the funding difficulties facing many community banks. They are also expected to talk about legislative priorities, including bankruptcy reform and tax issues.