Sen. Jon Tester (D-Mont.), member of the Senate Banking Committee, also made remarks at the ABA Government Relations Summit yesterday.
Tester commented on the Dodd-Frank implementation process and stressed the importance of regulatory agencies in Washington understanding how their actions affect rural America before they take action.
“There is still much work to be done to ensure [Dodd-Frank] is implemented in the way it was intended and that the rules for the largest institutions don’t become de facto rules for community banks,” he said. “In order to get this right, I need to hear from you -- about how these rules affect your ability to lend, serve your customers and to help grow this economy.”