KBA Briefing at American Bankers Association’s Headquarters U.S. Representative Ron Estes U.S. Representative Tracey Mann U.S. Representative Derek Schmidt (L-R) ABA’s Hugh Carney, EVP Financial Institution Policy & Regulatory Affairs and Ed Elfmann, SVP Agriculture and Rural Banking U.S. Department of the Treasury Discussion (L-R) John Crews, Deputy Assistant Secretary for Financial Institutions with Treasury; KBA Chair Julie Hower, President & CEO, Farmers & Drovers; Abby Wendel, President & CEO, Landmark National Bank KBA met with John Crews, Deputy Assistant Secretary for Financial Institutions with Treasury, to discuss future guidance on the ACRE Act tax deduction, specifically to explain why clarity on the “refinancing” piece is needed. They also discussed the debanking executive order from President Trump, the status of stablecoins/CBDC, and indexing regulatory thresholds such as CTR requirements. 10
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