Tag Archives: ABA Blueprint for Growth

Nichols Emphasizes ‘Common-Sense’ Reg Reforms in New York Times

In a New York Times letter today responding to exaggerated claims about bankers’ regulatory relief efforts, ABA President and CEO Rob Nichols made clear that the policy changes bankers are seeking are “common-sense reforms that can ease the regulatory burden responsibly and allow banks of all sizes to better serve their customers and communities.”

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ABA, Trade Groups Support Proposed CFPB Structural Change

In a joint financial trade association letter to House and Senate Appropriations Committee leadership today, ABA supported the inclusion of language in the fiscal year 2018 spending bill that would transition the Consumer Financial Protection Bureau to a bipartisan, five-member commission.

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ABA: Regulations Should Be Tailored Based on Risk, Business Model

Regulations based on asset size are “inappropriate and needlessly burdensome” for many banks with non-complex business models, and ultimately lead to higher costs and fewer choices for consumers, ABA said in written testimony submitted for a Senate Banking Committee hearing on regulatory relief for midsize and regional banks today.

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Financial Choice Act Clears House Committee

The House Financial Services Committee today voted to advance the Financial Choice Act, Chairman Jeb Hensarling’s (R-Texas) sweeping, 600-page bill aimed at reforming parts of the Dodd-Frank Act’s extensive supervisory regime and providing regulatory relief for banks.

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ABA Commends Congressional Effort to Reform Dodd-Frank

As the House Financial Services Committee prepares to begin the markup of the Financial Choice Act tomorrow, ABA President and CEO Rob Nichols wrote to committee leadership commending them for their efforts to address the negative consequences of the Dodd-Frank Act.

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Rep. Barr Introduces Bill to Expand Mortgage Access

Rep. Andy Barr (R-Ky.) today introduced the ABA-advocated Portfolio Lending and Mortgage Access Act (H.R. 2226). The bill would expand access to mortgage credit by treating loans originated by a bank and held in portfolio as Qualified Mortgages—a key provision in ABA’s Blueprint for Growth.

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