President Obama credits Dodd-Frank and other financial reform with much of the country's economic progress since the crisis. But he says it's not enough.
Read More »New Reports Conclude Dodd-Frank Has Adversely Affected Main Street
The Dallas Fed report concluded that many community financial institutions may be “too small to succeed” in the era of the “regulatory onslaught” brought on by Dodd-Frank.
Read More »Bills Seeking Regulatory Relief for Main Street Are Receiving Bipartisan Support
“Throughout this Congress, we have seen examples and heard testimony about how regulatory impediments prohibit job creation, cause consolidation of community financial institutions, and decrease choices for consumers,” said Randy Neugebauer, Chairman of the Subcommittee. “Some of the proposals we have already considered have received bipartisan support.”
Read More »House, Senate Democrats Introduce Bill To Provide Regulatory Relief, Consumer Protection
New legislation will also allow banks and credit unions that have less than $10 billion in assets relief from the Consumer Financial Protection Bureau’s (CFPB) Qualified Mortgage rule, the committee members said. This will exempt certain loans from its requirements as long as these intuitions do not sell or securitize those loans.
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