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ABA: The American Bankers Association
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What We Stand For: Competitive Markets

Minimize government subsidization and distortion of the financial services marketplace

Government oversight of the financial services sector is critical to maintaining a safe and sound banking system, but direct government intervention in banking—whether through price controls, unevenly applied subsidies or direct competition with private companies—distorts the financial services marketplace and can create unintended consequences.

What We’re Working On

  • Scrutinizing whether credit unions are meeting their statutory mission of serving low-to-moderate income communities in a robust, demonstrable way that justifies their preferential tax treatment.
  • Opposing a U.S. public banking system—FedAccounts, central bank digital currencies (CBDCs) and postal banking are unnecessary extensions of the currently healthy banking industry and pose a significant risk to taxpayers. 
  • Opposing price controls on interchange, which merely transfer wealth from bank customers to a handful of large merchants, with minimal benefit to small businesses.
  • Protecting banks’ freedom to make their own lending, investing and other business decisions.  We should not let political agendas—whether from the far right or the far left—get between banks and the communities they serve.


Explore ABA's top issues, in depth.

Find the latest regulatory comment letters, policy positions, research and news on the issues shaping the banking industry.