as our rural customers to explain why the adoption of the ACRE Act is crucial for ag producers and rural communities. It is only with the help of our customers and their respective trade associations that we will be able to see this important Act come to fruition. 3. Credit Card Competition Act (aka “The Big Box Bill” or “Durbin 2.0”): Unfortunately, a handful of federal legislators, including Senate Democratic Whip Dick Durbin (D-IL) and our own U.S. Senator Roger Marshall, have been swayed by big box retailers to favor retail giants the likes of Amazon, Walmart and Kroger over community banks and U.S. consumers. The Durbin-Marshall credit card routing federal mandate will upend the free-market credit card network rails in the U.S. The KBA and ABA have worked tirelessly to educate public and private sector stakeholders about the importance of security, privacy, reliability and efficiency of these important card processing networks and the fact that the Durbin-Marshall plan is nothing more than a multi-billion money grab that will benefit retail giants at the expense of every single credit card consumer. Furthermore, the federal legislators promoting this illadvised mandate also fail to understand how the loss of credit card points, cash-back rewards and other perks will further disadvantage consumers. Community bankers must be active in a “grassroots” manner to inform consumers about how the increased security and privacy risks, diminished credit card reward points and diminished cash-back features will negatively impact them. This is an important issue that many consumers may be completely unaware of, and I believe it’s our duty to inform them. Although the basic premise of community banking has not changed since the days of my grandfather, the issues, culture, regulatory climate, complexity and delivery channels have certainly changed a great deal. Just as our banks have evolved and adapted to these changes, so must our engagement and advocacy for our customers, communities and industry change. I encourage every Kansas banker, regardless of your title, to be engaged! Get your staff colleagues engaged! Get your customers engaged! I’m confident that with these efforts, our nation can enjoy the benefits of a very healthy and diverse community banking system for generations to come. Mark Schifferdecker KBA 7/23 An independent licensee of the Blue Cross Blue Shield Association Bring well-being to your workplace Contact us today bcbsks.com/worksite-wellness Our experts can help you develop and implement a wellness program at no additional cost. Benefits include: • Improved productivity • Lower healthcare costs • Less turnover • Enhanced recruitment More options for your customers, without more risk to your bank. Why Partner With Us? Ag Resource Management offers an innovative solution to lenders by mitigating your risks with watch list and nonperforming loans. We can help you take these assets off of your balance sheet and increase your lending ability. We achieve this with a blend of proprietary technology and data validation in valuing a growing crop, monitoring that crop, and keeping track of collateral as it approaches maturity. Loans are processed swiftly and we communicate with you throughout the process. We’re just a call away. Get started today with our teams in Kansas. Ryan Schreibvogel 1805 East Mary Street, Suite B Garden City, KS 67846 (620) 371-4858 RSchreibvogel@armlend.com Wade Simpson 5506 Corporate Drive, Suite 1760 Saint Joseph, MO 64507 (816) 226-4574 WSimpson@armlend.com ARM is an equal opportunity provider. 9
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