07/14/2015

House Slated to Vote on Three ICBA-Advocated Reg Relief Bills

Three ICBA-advocated regulatory relief bills are scheduled to be voted on in the House this week. The pro-community bank bills inspired by ICBA’s Plan for Prosperity regulatory relief platform include:

• H.R. 1334 to correct an oversight in the JOBS Act and allow thrift holding companies to take advantage of new SEC registration thresholds,

• H.R. 1408 to delay and study Basel III rules on mortgage-servicing assets, and

H.R. 1529 to exempt from escrow requirements any mortgage loan held in portfolio by financial institutions with $10 billion or less in assets and to increase exemptions for small servicers from 5,000 loans to 20,000 loans.