Senate Bank Chair weighs sweeping GSE, mortgage lending overhaul
HousingWire - May 8, 2015 - May 11, 2015
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