Florida Banking December 2022/January 2023

not appreciate the President’s comments implying that our industry, an industry heavily regulated by the federal government, should be compared to selling concert tickets and grouped with unregulated industries that in some instances charge “junk and hidden fees.” Are ticket sellers regulated by the Office of the Comptroller, the Federal Reserve Bank of the United States, the Federal Deposit Insurance Corporation, or a state financial services department? No, of course not. I don’t know about you, but I was outraged by the President’s comments comparing our industry with these others. In fact, in order to refresh my memory, I recently opened a new checking account at one of our banks. As

clear as water, the non-sufficient fund disclosure was stated in large letter font size: “Do you want overdraft protection?” It was not hidden in the fine print, but clearly disclosed in the process of opening the account. I selected “no”, but if I had selected “yes”, there was another notice about how overdraft protection works, in language that was easy to understand. As I walk the hallways of Congress with bankers fighting and advocating for a sensible and reasonable regulatory regime, I see their passion. That is the same passion that Mr. Call and Mr. Milstead also saw in our bankers who gave back to our industry. The satisfaction gained by “lobbying” for the profession that provides for your livelihood is priceless.

TheNational Graduate

School of Banking

TM

Session Dates: August 20 – September 1, 2023 Location: University of Washington, Seattle, WA To learnmore about PCBS or to apply to the program, call (425) 278-0250

PCBS, in partnership with the Foster School of Business at the University of Washington, offers a premier three-year graduate-level educational program focused on the financial services industry. Our full-length courses, taught by outstanding industry experts, provide responsive, practical answers to today’s most critical banking challenges.

or visit www.thePCBS.org We look forward to everyone joining us on campus next year!

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