House Hearing Today to Focus on ABA ‘Agenda’ Bills

ABA submitted a statement for the record in today’s House Financial Services Committee hearing on protecting consumer financial choices. Several of the bills under discussion are part of ABA’s Agenda for America’s Hometown Banks.

Among the bills ABA supports are measures to roll back Operation Choke Point, designate portfolio loans as Qualified Mortgages, reform the CFPB, make more institutions eligible for the 18-month exam cycle, give thrifts greater lending flexibility, improve exam fairness and a bill instituting a hold-harmless period for TRID.