Regulatory Reform

CFA Urges House Financial Services Committee to Oppose Bills that Would Undermine Important Sensible Safeguards

In a letter to members of the House Financial Services Committee, CFA is urging opposition to a series of bills related to oversight of the financial services industry scheduled for markup. Rather than providing meaningful protections for consumers, these bills undermine important sensible safeguards put into place after the financial crisis that culminated a decade ago. These bills are: H.R. 1264 (Williams), the Community Financial Institution Exemption Act; H.R. 4550 (Gonzalez), the Practice of Law Technical Clarification Act of 2017; H.R. 2226 (Barr), the Portfolio Lending and Mortgage Access Act; H.R. 3746 (Duffy), the Business of Insurance Regulatory Reform Act of 2017; and H.R. 4607 (Loudermilk), the Comprehensive Regulatory Review Act.

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