Roll for Repeal

Community

MONROE COUNTY (WBRE/WYOU) The Pennsylvania Association of Community Bankers is hitting the road by motorcycle, and visiting community banks across the state.

The Roll for Repeal came to ESSA Bank and Trust in Stroudsburg Monday afternoon.

The group is trying to drum up support to repeal parts of the Wall Street Reform and Consumer Protection Act of 2009.

It was in response to the financial crisis that began in 2007.

The group says too much regulation is hurting local community banks and preventing growth of local banks which harms consumers.

Nick DiFrancesco, is the  President and CEO, PA Association of Community Bankers he told Eyewitness News  “More and more geographic regions are not being served by community banks and stats will show that community banks are most responsible for first time mortgages, most responsible for small business lending.”

The group plans to stop by dozens of community banks through next spring to try to drum up support for a relief act introduced to congress a few months ago. They also stopped in Jim Thorpe on Monday.

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