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.