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As reported in Wednesday’s NewsWatch Today, the House Financial Services Committee this week voted to advance several ICBA-advocated bills.
Details: The committee voted to advance:
The Homebuyers Privacy Protection Act (H.R. 2808) to amend the Fair Credit Reporting Act to prohibit a credit reporting agency from selling “trigger leads” when a consumer applies for a residential mortgage.
The Small Bank Holding Company Relief Act (H.R. 2835) to raise the asset threshold to qualify as a Small Bank Holding Company from $3 billion to $25 billion.
The Advancing the Mentor-Protégé Program for Small Financial Institutions Act (H.R. 3709) to establish a Treasury Financial Agent program enabling partnerships between minority depository institutions, rural community banks, and other financial institutions.
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The House Financial Services Committee voted to advance ICBA-advocated bills to ban trigger leads, change threshold requirements for small bank holding companies, and support small financial institutions.
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