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House Committee advances new roster of regulatory reforms

Joe Mont | January 24, 2018

On Jan. 18, the Financial Services Committee approved 15 bills on a wide range of topics including regulatory relief for community financial institutions, increased investment opportunities, improved access to financing for home buyers, greater consumer protection, and development of a national strategy to combat financial crime.

The following a list of the bills reported favorably to the House for further consideration:

H.R. 1264, Community Financial Institution Exemption Act

It amends the Consumer Financial Protection Act of 2010 to exempt insured depository institutions or credit unions with less than $50 billion in consolidated assets from all rules and regulations issued by the Consumer Financial Protection Bureau (CFPB).  Under specified circumstances, and with the written agreement of the Federal Reserve Board and other...

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