Reg. reform for credit unions, small banks a priority: Neugebauer in PoliticoPro

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Citing the unintended consequences after the U.S. Congress “threw this big blanket over the entire financial market,” Rep. Randy Neugebauer (R-Texas) says regulatory reform is among his top priorities for the 114th Congress. Neugebauer, chair of the House subcommittee on financial institutions and consumer credit, made those remarks in a wide-ranging interview with PoliticoPro published Tuesday.“One of our priorities is going to be looking at some regulatory reform for our Main Street lending institutions,” he said, adding that credit unions and community banks are the institutions he has in mind.Neugebauer said his committee is currently prioritizing a list of proposals to enact some form of regulatory relief, and said they first intend to focus on bills that passed committee with strong bipartisan support.While Neugebauer didn’t name any specific bills, CUNA-supported bills that passed the full House Financial Services committee last year include: The Portfolio Lending and Mortgage Act, Financial Regulatory Clarity Act and Community Institution Mortgage Relief Act. continue reading »last_img

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