WASHINGTON - The Independent Community Bankers of America on Tuesday urged President Bush to stall the Farm Credit Administration's controversial national charter proposal.
The proposal would allow any of the 133 Farm Credit lenders to apply for a national charter, which would let them lend beyond their current regional boundaries.
"We respectfully request that you place this regulation on your 'watch list' of potentially problematic regulations that should receive further attention, especially before it is sent to the Office of the Federal Register," executive vice president Kenneth Guenther wrote in a letter to Andrew H. Card, Jr., the White House chief of staff.
