It is late, so I will be brief. This conference is about building communities. It is about creating opportunity. About expanding prosperity. All our people.
Banks are chartered to be engines of economic growth.
To provide the financial power that builds communities, creates opportunity, expands prosperity, and sustains development. For the moment, the number of banks renting out their charters is small but that could change and that possibility triggers public policy concerns. The very opposite of the economic development this summit seeks to encourage. A few banks make payday loans, and a few others provide liquidity funding to nonbank payday lenders. Without proper due diligence and involvement of the bank in the loan, this is not banking.