Tag Archives: regulatory burden

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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ABA Recommends Changes to Large, Midsize Bank Stress Tests

As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, the American Bankers Association in a white paper today urged federal regulators to make changes to the current stress testing framework for large and midsize banks.

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