ABA Welcomes ‘Agenda’ Bills in Advance of Committee Vote

ABA today urged the House Financial Services Committee to approve several bills that are part of ABA’s Agenda for America’s Hometown Banks when the panel meets tomorrow.

The ABA-advocated bills would roll back Operation Choke Point (H.R. 766), designate portfolio loans as Qualified Mortgages (H.R. 1210), make more institutions eligible for the 18-month exam cycle (H.R. 1553), improve exam fairness (H.R. 1941), institute a hold-harmless period for the TILA-RESPA integrated disclosures until Feb. 1, 2016 (H.R. 3192), and eliminate unnecessary restrictions on sales of privately held stock (H.R. 1839).

“We appreciate the committee’s consideration of the bills that will help the banking industry better serve the needs of customers,” ABA said.