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Monday, May 18, 2015

Keating Discusses Reg Relief, Shelby Bill on Bloomberg Radio

“We don’t want to repeal Dodd-Frank; we want to heal Dodd-Frank,” ABA President and CEO Frank Keating said of ABA’s legislative agenda in an appearance on Bloomberg Radio on Thursday. Asked about Shelby’s proposal, Keating said that “Senator Shelby’s initial cut makes a lot of sense,” adding that many details remained to be hashed out in the legislative process.

He urged lawmakers to reduce unnecessary regulatory burdens on financial institutions “so they can lend money, not spend money on compliance.”

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