KBW: Here’s how Shelby bill will affect banks and mortgage finance
HousingWire - June 1, 2015 - June 2, 2015
By Trey Garrison
Among the most significant proposals in the 216-page draft bill is a requirement raising the SIFI bank threshold from $50 billion to $500 billion, altering the $10 billion threshold, and targeting specific GSE changes. This would, in effect, free smaller lenders from the heavy capital requirements and strict oversight currently enforced against the big banks. It also includes a provision increasing the $50 billion SIFI threshold to $500 billion, while maintaining some degree of FSOC review.
Other proposals in the bill take aim at mortgage finance firms Fannie Mae and Freddie Mac, “systemically important” designations to nonbanks and insurance industry supervision.
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