This campaign mounted by the real estate industry is an attempt to avoid privacy regulation at the Federal level. The fact is that real estate brokers have enjoyed a monopoly in real estate transactions for decades and are using propaganda to ward off competition. Allowing banks to sell real estate brokerage will benefit customers by providing more choice and competition. Survey after survey has shown that customers trust their banks and banks have a long record of safeguarding customer information. Those are the facts, so let s stick to them.
Consumers deserve no less.
The American Bankers Association brings together all categories of banking institutions to best represent the interests of this rapidly changing industry. Its membership which includes community, regional and money center banks and bank holding companies, as well as savings associations, trust companies and savings banks makes ABA the largest bank trade association in the country. E-mail the ABA Webmaster.