Like Countable?

Install the App
TRY NOW

house Bill H.R. 1116

Should Financial Regulators Tailor Rules to Limit the Burden on Smaller Banks & Credit Unions?

Argument in favor

The compliance costs of Dodd-Frank’s one-size-fits-all regulations are crushing many of America’s smaller community banks and credit unions. This bill ensures that regulations take into account the risk profiles and business models of smaller institutions to limit the burden on them.

DrRichSwier's Opinion
···
03/13/2018
Americans need small hometown banks. Banks started and run by local citizens for local citizens.
Like (42)
Follow
Share
Brian's Opinion
···
03/13/2018
The compliance costs of Dodd-Frank’s one-size-fits-all regulations are crushing many of America’s smaller community banks and credit unions. This bill ensures that regulations take into account the risk profiles and business models of smaller institutions to limit the burden on them.
Like (12)
Follow
Share
Rose 's Opinion
···
03/14/2018
We need credit unions and hometown banks to operate without being penalized because of the poor decisions and greed of big banks.
Like (7)
Follow
Share

Argument opposed

Financial regulators and Congress already take steps to tailor rules so they don’t create an excessive burden on small financial institutions. This bill goes too far, and if enacted would lead to endless legal challenges of recent and future rules.

Sabrina's Opinion
···
03/13/2018
There’s no need to pass additional legislation that is redundant. How about passing more regulation that protects consumers instead?
Like (78)
Follow
Share
Leon's Opinion
···
03/13/2018
No, I’ve not forgotten the savings and loan bailout. These people can and will abuse the system especially if they think others are as well.
Like (52)
Follow
Share
Michael777's Opinion
···
03/11/2018
The Dodd-Frank bill is what's keeping the big banks from gambling with our savings! If the gutting of Dodd-Frank continues, then do not be surprised when a Second Great Recession happens soon.
Like (21)
Follow
Share
    Americans need small hometown banks. Banks started and run by local citizens for local citizens.
    Like (42)
    Follow
    Share
    There’s no need to pass additional legislation that is redundant. How about passing more regulation that protects consumers instead?
    Like (78)
    Follow
    Share
    No, I’ve not forgotten the savings and loan bailout. These people can and will abuse the system especially if they think others are as well.
    Like (52)
    Follow
    Share
    The Dodd-Frank bill is what's keeping the big banks from gambling with our savings! If the gutting of Dodd-Frank continues, then do not be surprised when a Second Great Recession happens soon.
    Like (21)
    Follow
    Share
    All bank need regulations!!
    Like (20)
    Follow
    Share
    I say know not because I’m against the idea but I’d like to have a more definitive explanation of the difference between a large and small bank
    Like (15)
    Follow
    Share
    One quick look at this bill and you see a lot of exceptions for banks not a small as the title seems to imply. Banks as large as those which created the crisis that prompted the legislation in the first place.
    Like (14)
    Follow
    Share
    The compliance costs of Dodd-Frank’s one-size-fits-all regulations are crushing many of America’s smaller community banks and credit unions. This bill ensures that regulations take into account the risk profiles and business models of smaller institutions to limit the burden on them.
    Like (12)
    Follow
    Share
    We need credit unions and hometown banks to operate without being penalized because of the poor decisions and greed of big banks.
    Like (7)
    Follow
    Share
    There are no small or burdened banks.
    Like (7)
    Follow
    Share
    The problem was never the small guys. It was always the ‘too big to fail’ guys and getting rid of Dodd-Frank is putting Americans back into the crosshairs of greedy, unscrupulous big bankers. Shame on all who voted for this crap. We will remember this in November 2018.
    Like (7)
    Follow
    Share
    I just read the bill and I could not see where it was limited to community banks. This bill applies to ALL banks no matter what size and allows lobbyists to force regulators to reconsider every normal regulation for each particular bank, greatly increasing the cost of regulation and increasing the hodgepodge of regulations depending on your lobbyists. This does not help community banks. Instead it will hurt smaller banks as the big banks get more breaks. It will result in less service for ordinary business people and workers in a community.
    Like (7)
    Follow
    Share
    This just seams like common sense and good regulation policy. A local credit union shouldn’t be regulated under the same rules regime as Wells Fargo.
    Like (5)
    Follow
    Share
    Again, this supports the rich no need
    Like (3)
    Follow
    Share
    Bait and switch - imply it's to help small banks and then add more Wall Street padding. These demons single-handedly destroyed our economy with no repercussions. Let's not replicate that poor decision!
    Like (3)
    Follow
    Share
    The premise of this legislation is nonsense. Smaller banks and credit unions are not being overly burdened with regulations. This is just another bill that will allow our financial sector to run wild, putting consumers at risk and setting up our economy for another crash! Vote no!
    Like (3)
    Follow
    Share
    Many small institutions will still have regulators both State and Federal. Many Saving and Loans got into problems in 2007 and were closed or combined with sounder banks. All that are left are covered under FDIC or other federal coverage which will still come with inspectors. Adjusting regulations to fit the needs of smaller lenders makes sense.
    Like (3)
    Follow
    Share
    What about the increased risk to depositors and their money?
    Like (2)
    Follow
    Share
    Unless there is a separate bill, this has to be passed in order to regulate the larger banks that have done so much damage.
    Like (2)
    Follow
    Share
    The big deal here, jack, is that what is the difference between big and small. 1.5 billion is still pretty friggen big. The definition needs to be small, less than a billion would be high but likely reasonable
    Like (2)
    Follow
    Share
    MORE