CBW Federal and State Policy Positions
Federal Issues
Industrial loan companies (ILCs)
CBW continues to strongly SUPPORT this country’s long standing policy of prohibiting the mixing of banking and commerce. This long standing policy has served this nation well and is one of the primary reasons the banking system is stable, healthy and the model for other countries.
Communities First Act
CBW strongly supports the Communities First Act (CFA), inspired by the Independent Community Bankers of America (ICBA) that provides badly needed meaningful regulatory and tax relief for community banks, their customers and their communities.
Farm Credit System
CBW is vigorously opposed to continued attempts to expand the powers of Farm Credit Systems (FCS) to directly compete in the traditional consumer and commercial banking activities. FCS is "marketing" its mission shift from focusing on marginal and beginning direct agricultural producers to serving the stronger and more affluent producers, customers and businesses only marginally related to agriculture using the ubiquitous title of the "HORIZON'S PROJECT".
Credit Union Issues
CBW urges Congress to examine the tax-exempt status of credit unions and to subject credit unions to the regulatory requirements of the Community Reinvestment Act.
State Issues
Taxation Policy
CBW strongly opposes the enactment of combined reporting in Wisconsin. CBW supports tax and budget policies that foster economic growth, encourage personal saving, small business investment and a strong financial services sector including community banks.
CBW supports a "fair and unbiased" tax code that preserves and enhances the viability of community-based banks and the critical role they play in supporting the economy through lending to small businesses, farms and consumers.
Other Issues
Dual Banking System
- CBW strongly supports the dual banking system with bank chartering and supervision divided between both state and federal governments.
- CBW supports the current structure of the bank regulatory system and opposes the creation of a single federal bank regulator, consolidation of the existing federal bank regulatory agencies or the elimination of any of the existing bank regulators.
- CBW strongly supports the independence of federal bank supervisors but encourages improved communication, consultation and cooperation among the agencies.
- In the absence of explicit congressional action, CBW supports a case by case analysis of the unique elements of a particular state law before a decision is made to preempt in order to preserve the dynamics of the dual banking system.