Legislative And Regulatory Matters
The NBA and its member banks believe that our network of banks, generally located in inner city and urban communities, represent the most effective vehicle for economic re-vitalization. It is, therefore, vitally important that minority and women-owned banks have direct access to legislators and regulators who have significant influence over the framework of authority, powers and general responsibilities of the financial services industry.
The NBA, through its national office has developed and continues to cultivate meaningful relationships with Congress and regulatory agencies. This provides an invaluable resource to MWOBs experiencing difficulty.
The Association holds two conferences yearly, the Legislative and Regulatory Conference in the spring, and the Annual Convention in the fall. There are quarterly bank CEO meetings. The Association publishes an annual magazine, "NBA TODAY".
The NBA and its Corporate Advisory Board (CAB), were cited by the President of the United States for their efforts to increase the number of Fortune 500 companies that do business with minority financial institutions and other minority businesses. Many Fortune 500 companies are doing business with with NBA member banks. These relationships have generated over hundreds of million in lines of credit and several billion dollars in non-credit services.
In 1993, the NBA lobbied the Congress and successfully retained the Department of Energy's Bank Deposit Fund Program.