ICBA-Advocated Regulatory Relief Bills Advance in Markup
The House Financial Services Committee advanced several ICBA-advocated bills to relieve community banks from excessive regulation. The panel approved six measures with provisions from ICBA’s Plan for Prosperity regulatory relief platform:
H.R. 766 to protect financial institutions and their customers from Operation Choke Point,
H.R. 1210 to give Qualified Mortgage treatment to loans held in portfolio by the originator,
H.R. 1553 to provide an 18-month exam cycle for community banks with $1 billion or less in assets,
H.R. 1737 to reform CFPB indirect auto financing guidance,
H.R. 1941 to create a workable exam appeals process and common-sense standards for classifying loans, and
H.R. 3192 to provide a TILA-RESPA Integrated Disclosure safe harbor. Read ICBA Release.