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Wednesday, December 12, 2012

Keating Offers Perspective on Banking Issues at Politico Conference

ABA President and CEO Frank Keating at a Politico Pro Finance news service conference reiterated the association's support for provisions in the Dodd-Frank Act aimed at ending “too big to fail,” and he explained why dismantling large banks would hurt U.S. business and the economy.
Right now, what's important is strong and effective regulation. But don’t put the United States at a competitive disadvantage in our ability to serve American companies.
Keating also repeated calls to impose more accountability on the CFPB; urged Congress to demonstrate political courage in addressing the fiscal cliff; and expressed ABA’s support for extending the Transaction Account Guarantee program

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