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Wednesday, July 15, 2015

House Passes Two ABA-Backed Reg Relief Bills

The full House passed two ABA-supported bills by voice votes. The bipartisan bills would equalize the SEC registration and de-registration thresholds for savings and loan holding companies (H.R. 1334) and require regulators to conduct a study of Basel III's effect on mortgage servicing assets (H.R. 1408).

In a letter, ABA welcomed the bills, noting that a previous version of H.R. 1334 passed the house by a nearly unanimous margin in the previous Congress and that H.R. 1408 would recognize “the long-term relationships that banks and their customers have established [that] should not be penalized by Basel III’s punitive capital treatment of MSAs.”

Read the letter.

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