Cohn Indicates Increased Asset Threshold for Banks Facing Increased Regulation

Posted October 18, 2017

On Oct. 16, 2017, National Economic Council Director Gary Cohn announced at an industry event that there is bipartisan support for raising the $50 billion asset threshold above which banks face increased regulation, and that he expects the final number to be at least $200 billion. NACHA believes this relief will likely come from a Senate bill(s) being crafted by Senate Banking Chairman Crapo (R-Idaho) and ranking member Brown (D-Ohio) to ease financial regulations.
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