Smaller Community Banks Seek More Influence in Washington and Start Super PAC

Senator Dick Durbin meets with Raj Date, the Acting Director of the Consumer Financial Protection Bureau in October, 2011, to discuss helping consumers compare bank fees. Durbin once said that banks effectively "own" Washington. Photo: courtesy of Sen. Dick Durbin's office, the White House.

Not content with the millions of dollars major banks spend on campaign contributions and lobbying on Capitol Hill, smaller community banks are looking to have their own voice and started the Friends of Traditional Banking PAC.

Like Super PACs, Friends of Traditional Banking will be able to raise unlimited money and engage in political activities such as running TV ads. Community Banks Look to Start Super PAC. We talk to Roger Beverage, President and CEO of the Oklahoma Bankers Association about what it’s all about.

About Carmen Munir Russell-Sluchansky 360 Articles
Carmen is a multimedia journalist based in Washington, DC whose work has appeared in a variety of outlets including National Geographic, NBC News, the BBC, Asia! Magazine, The China Post, Chicago Tribune and Orlando Sentinel.