18 Hoosier Banker August 2015 On June 17, while attending the American Bankers Associations Regulatory Compliance Conference in Washington, D.C., one dozen Indiana bank compliance professionals visited Capitol Hill to meet with Congressmen Luke Messer, Marlin Stutzman and Todd Young. The topic of discussion was regulatory compliance and its impact on community banks in Indiana. Due to scheduling needs, our delegation split into two groups in order to meet with Rep. Stutzman and Rep. Messer; the full group met with Rep. Young. Indiana compliance professionals who attended the visit were: Scott Carr, Your Community Bank, New Albany Annette Curton, Farmers State Bank, LaGrange Janelle C. Gamble, Ameriana Bank, New Castle Carol E. Gassen, Merchants Bank of Indiana, Lynn Tracy Gorjup, STAR Bank, Fort Wayne Kelli Havens, First Savings Bank, Clarksville Andrew R. McGarvey, Your Community Bank, New Albany GR SPOTLIGHT Compliance Professionals Share Concerns With Congressmen in D.C. Eric Neuenschwander, Lake City Bank, Warsaw Lisa Renbarger, State Bank of Lizton Tina Schmitt, Freedom Bank, Huntingburg Angel Shaw, Your Community Bank, New Albany Michelle Wedeven, Lake City Bank, Warsaw Some of the topics that we discussed included: • Truth in Lending /Real Estate Settlement Procedures Act Integrated Disclosure (TRID) rule scheduled to take effect Aug. 1, 2015 (now deferred to Oct. 3, 2015), and its impact on community banks; • Cybersecurity and debit card breach issues affecting community banks; • CFPB Director Richard Cordray’s overruling ‒ in a demonstration of excessive authority ‒ his administrative law judge in the PHH Mortgage Corp. case; • Credit unions and Farm Credit Services operating outside their stated missions, and stealing business from community banks by violating rules that community banks must comply with; • The growing challenges of compliance professionals in the current highly regulated environment, without relief in sight. All three Congressmen we met with shared our concerns and This month’s GR Spotlight column is guest written by Scott Carr, Your Community Bank, New Albany. While in Washington, D.C., recently for a conference, Carr and 11 other Hoosier bankers took advantage of the opportunity to meet with lawmakers while in the nation’s capital. The Indiana Bankers Association appreciates this grassroots advocacy outreach. Rep. Luke Messer, 6th District (fourth from left), visits with Indiana bankers.
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