With the new Trump Administration and Republican majorities in both the House and Senate, Republicans have complete control of the executive and legislative branches of government for the first time in 10 years. As a result, many in the banking industry are cautiously optimistic that it will be possible to enact policy changes that loosen some of the restrictive regulations that resulted from Dodd-Frank and the Obama Administration’s implementation of the law. Burdensome regulation is often blamed for holding back our nation’s economy and preventing a full economic recovery. With the Republican take-over of Washington, leading banking organizations, like the American Bankers Association (ABA) and the Independent Community Bankers of American (ICBA), are expected to pursue a robust policy agenda that focuses on easing regulation and improving consumers’ access to credit and increasing economic growth.
Continue Reading Banking Industry to Pursue Robust Policy Agenda