Washington People: Roundtable's Bartlett Says Bush and
American Banker (08/21/00) Vol. 5, No. 17 p.3; Canning, Eileen

After attending both conventions, Financial Services Roundtable President Steve Bartlett predicts a friendly atmosphere for banks under the next administration, regardless of whether Gore or Bush wins the presidential election. According to Bartlett, both candidates have expressed support for increasing programs for retirement savings, raising allowances for 401k programs and individual retirement accounts, as well as for other savings products. However, both candidates have said they will continue the current credit union tax exemption. In a related item, Federal Reserve Board members including Fed Gov. Edward M. Gramlich stopped in Chicago for the third of four meetings dealing with the issue of restricting the activities of predatory lenders without unduly limiting access to loans for borrowers with less-than-perfect credit histories. The members heard from Midwestern legislators, community activists, and bankers. America's Community Bankers' vice chairman David Bochnowski told the Fed officials that, "Consumers need access to mainstream institutions and they need education and counseling to help them avoid being victimized by predatory lenders." The fourth and final meeting on this subject will be held in San Francisco on Sept. 7.


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