May 22, 2018

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Bipartisan Banking Legislation Good for Economy, Consumers​

This strong bipartisan bill shows Republicans and Democrats can come together to modernize financial regulations in a way that boosts economic growth and jobs while maintaining needed consumer protections.

Bipartisan Banking Legislation Good for Economy, Consumers​
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Bipartisan Banking Legislation Good for Economy, Consumers​

 

WASHINGTON—Congressional passage of bipartisan banking legislation, the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), will be good for America’s economy, increase lending and provide more opportunities for access to credit for consumers, said the Financial Services Roundtable (FSR).

“This strong bipartisan bill shows Republicans and Democrats can come together to modernize financial regulations in a way that boosts economic growth and jobs while maintaining needed consumer protections,” said FSR’s Head of Government Affairs, Anthony Cimino. “Congress should continue to build on its bipartisan work to optimize economic growth by further tailoring the regulatory system for financial institutions of all sizes.”

FSR applauds the leadership of Chairmen Crapo, Hensarling and members of both parties who moved this bipartisan piece of legislation forward. FSR urges the President to quickly sign the bill.

 

 

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About The Author

The Financial Services Roundtable represents the largest integrated financial services companies providing banking, insurance, payment and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. FSR member companies provide fuel for America’s economic engine, accounting for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs.

Follow @FSR