Political Quotes

Cynthia M. Lummis: the more requirements that are placed on them by us, federally, the harder it is for them to spend the time, the…

On the recordJuly 11, 2023
the more requirements that are placed on them by us, federally, the harder it is for them to spend the time, the paperwork, to do those small mortgages
Said by
Cynthia M. Lummis
Wyoming

Editor's note · Context

Lummis discusses the challenges small banks face due to federal regulations.

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Jul 11, 2023

I think that is a really smart idea.

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So Mr. Green, would it be advisable to us for us to consider a carveout from Dodd-Frank for smaller-sized mortgages that provide a lesser regulatory burden and therefore a greater financial incentive for financial institutions to lend…

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Having access to both clean drinking water and wastewater infrastructure is a necessity for communities in this day and age.

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So if your ultimate goal is to provide real consumer protection, shouldn't the SEC withdraw Staff Accounting Bulletin 121 to allow banks to provide custody?

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