To enact the level of regulatory relief intended by Congress, several legislators and the Independent Community Bankers of America (ICBA) have demonstrated that they are in sync in believing federal banking regulators should finalize joint rulemaking setting the community bank leverage ratio (CBLR) at 8 percent.
Eighteen Republicans on the House Financial Services Committee wrote to federal regulators, urging them to enact the 8 percent CBLR, rather than the 9 percent ratio the agencies proposed in November 2018.
Read on for more details about their reasoning.