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Senate Bank Chair weighs sweeping GSE, mortgage lending overhaul

By Trey Garrison

The chairman of the Senate Banking Committee is drafting sweeping regulatory relief legislation that could be the biggest overhaul to the Dodd-Frank Wall Street Reform Act since it was passed, and may include provisions raising the SIFI bank threshold from $50 billion to $500 billion, altering the $10 billion threshold, and targeting specific GSE changes.

Sen. Richard Shelby’s, R-Ala., bill would free smaller lenders from the heavy capital requirements and strict oversight currently enforced against the big banks.

Read the full article: Senate Bank Chair weighs sweeping GSE, mortgage lending overhaul