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Home » Store » News » Reg Relief Bill for Small Banks Would Amend CFPB Rulemakings

Reg Relief Bill for Small Banks Would Amend CFPB Rulemakings

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The CFPB rulemaking is facing another legislative challenge from Capitol Hill, this time from H.R. 1750, the Community Lending Enhancement and Regulatory Relief Act. Introduced late last month by Rep. Blaine Luetkemeyer, R-MO, H.R. 1750 would enable community banks to raise capital more easily and exempt institutions with less than $10 billion in assets from federal mortgage escrow requirements. It also would exempt institutions with less than $10 billion in assets from qualified mortgage requirements if the institution keeps a...
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