American Banker: 5 questions as reg relief moves closer to becoming law

American Banker, March 14, 2018: 5 questions as reg relief moves closer to becoming law

The bill, which passed the Senate 67-31, is surely not all the industry wanted. But it is still a clear win for banks — particularly smaller ones — that have abhorred Dodd-Frank.

The bill relaxes a number of standards for small and regional banks, tweaking mandates around the Federal Reserve’s stress tests, the Consumer Financial Protection Bureau’s “qualified mortgage” rule, the Volcker Rule and much more. The main provision allows certain midsize banks to escape tougher Dodd-Frank supervision by raising a key asset threshold from $50 billion to $250 billion.

The chamber approved the legislation with the support of over a dozen moderate Democrats. The bill will move to the House for consideration, where Republicans are seeking to incorporate several additional provisions of their own.

Follow the link to read about five key questions for the industry as the package winds its way through Congress.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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