Bank Regulations

Washington DC – A bipartisan group of senators has announced an agreement on legislation to provide banks and credit unions relief from some of the stricter regulatory requirements approved after the financial crisis. The lawmakers say the agreement is targeted at helping local community banks, but it also includes regulatory relief for larger financial institutions.
For example, the agreement would raise the threshold at which bank holding companies are considered too big to fail and are subject to stricter capital and planning requirements. Under the agreement, the threshold moves from $50 billion in assets to $250 billion.

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