Community and regional bankers across central and eastern Kentucky consistently tell me that over-regulation has effectively prohibited reputational, relationship, and character-based lending, which in turn deprives entrepreneurs and small businesses the ability to access the capital needed to create much-needed jobs.
At a time when we should be supporting job-creators who are putting Kentuckians back to work, the harmful effects of over-regulation from Washington continue to ripple right out into businesses on Main Street seeking credit to expand, farmers seeking agricultural loans, and families working to purchase a home.
We must address the current one-size-fits-all approach that imposes the same regulatory burdens on small institutions as larger ones so that our community bankers can devote more time and resources to working with job-creators to drive innovation and economic growth.