Senator Mike Johanns (Nebraska) is on the Senate Banking Committee. He is one Representative that opposes additional regulatory burden. Here’s an email he provided in an e-Update, dated June 28, 2011:
I continue to hear from community bankers in Nebraska who are struggling to comply with burdensome new regulations and the challenges they face just to complete the overwhelming paperwork requirements for a home loan. During a Senate Banking Committee hearing today, I had the opportunity to express these concerns and highlight the important role community banks play in my state. This regulatory overreach may end up pushing some of these banks out of business. These local lenders are part of the fabric and economic strength of many of our small communities. We cannot afford to jeopardize them with unnecessary red tape.
Johanns Continues Support for Community Banks
I emailed Senator Johanns to let him know I appreciate his approach. I also let him know that I believe the current regulatory burden is killing banks. Listen…Banker’s Compliance Consulting will profit from the regulatory burden placed on our clients. That’s a fact. But I still informed him that I believe it is suffocating banks and is wrong. How’s that for a testimony?
Hopefully, other Representatives will listen and straighten this mess out.
David’s banking career began as a field examiner for the FDIC in 1990. He later became a Compliance Officer and Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.
He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transform the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the American Bankers Association National Compliance Schools and has served on the faculty of the Center for Financial Training for many years. He also is a frequent speaker at the ABA’s Regulatory Compliance Conference. He is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM), and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.
David and his wife Karen have 3 adult children and 2 grandsons (none of whom live at home!) and 3 cats (of which Dave is allergic … the cats, not the children!). They live on a lake in Nebraska and when possible he can be found fishing or making sawdust in his shop. David plays the guitar & piano and enjoys singing with Karen. They occasionally lead worship at their church.