CBM members, please take some time this weekend to ask your Congress representatives to support the Plan for Prosperity. Just click the link goo.gl/nCuCFK and make you voice heard! It really is easy to do. PLEASE SHARE THIS POST WITH YOUR COLLEAGUES and join the 46 State Partners who urge the House to pass the Plan for Prosperity-Inspired Regulatory Relief Bills. Community bankers can use ICBA’s customizable message to tell their representative to appeal to their colleagues in House leadership to hold a vote on these important bills. The pending Plan for Prosperity bills are • H.R. 4521, the Community Institution Mortgage Relief Act introduced by Rep. Blaine Luetkemeyer (R-Mo.), which would exempt community bank portfolio loans from new escrow requirements and raise the small-servicer exemption threshold from 5,000 to 20,000 loans, • H.R. 4466, the Financial Regulatory Clarity Act introduced by Rep. Shelley Moore Capito (R-W.Va.), which would require federal financial regulators to consider whether proposed regulations are duplicative or inconsistent with existing regulations before issuing them, and • H.R. 2673, the Portfolio Lending and Mortgage Access Act introduced by Rep. Andy Barr (R-Ky.), which would provide that any residential mortgage held in portfolio by the originator is a qualified mortgage, under the CFPB’s ability-to-repay rule. ICBA continues to strongly advocate for tiered and proportional regulatory relief under the Plan for Prosperity platform. These three bills will go a long way in allowing community banks to continue to serve their customers and participate in our nation’s economic recovery.
Posted on: Fri, 13 Jun 2014 12:08:14 +0000
Trending Topics
Recently Viewed Topics
© 2015