Independent Banker - April 2021 - 48

ICBA 2021/22 EXECUTIVE COMMITTEE
Biden administration is cannabis
banking. There has been bipartisan
support in the past, but I could see
this issue getting traction as more
states look to legalize cannabis to
help solve their current budget
defi cits. This would fi nally provide
a clear path for both the banking
and cannabis industries. We also
need to continue to advocate for a
regulatory framework tailored to
risk and business models. There is
also a need to advocate for big banks
to be held accountable when they
make business decisions that do not
adhere to regulations and laws. There
is currently unequal justice as it
pertains to adherence to regulations
and laws.
Bolton: We have an excellent
opportunity to continue to
diff erentiate our business model
due to our historic, and unmatched,
response to the pandemic and the
Paycheck Protection Program (PPP).
We can play off ense and defense with
our relationship-driven model of
community banking. No matter who
is in control of the White House and
Congress, the politics of community
banking will remain our primary
focus. We can easily prove the
community banking industry is not a
threat to consumers.
Laff itte: Opportunities are always
present with advocacy. With the
change in Congress and so many
new people in Congress this year, we
will have the opportunity to teach so
many about the diff erences between
community banking and the credit
unions and big banks. I believe we will
see the largest gains in the cannabis
debate and support of minorityowned
depository institutions, but
we will have opportunities with many
other issues that will come down the
pipeline in the next year.
48 Q ICBA Independent Banker Q April 2021
Photos (top to bottom) by Don Kadair, Roy Engelbrecht, Greg Thoen

Independent Banker - April 2021

Table of Contents for the Digital Edition of Independent Banker - April 2021

Table of Contents
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