DC Gridlock Dims Community Bankers’ Hopes for Sweeping Reg Reform

American Banker
Wednesday, November 1, 2017

The gridlock in Congress has challenged legislators to pass any meaningful bills on banking regulations, though bankers recently scored a victory when the Senate voted to repeal the Consumer Financial Protection Bureau's arbitration rule. Still, banks are concerned about other proposals, such as the CFPB's plan to collect data on small-business lending and changes to the Home Mortgage Disclosure Act. These worries only seem to compound an increase in nonbank competition and cybersecurity threats.