Posted April 2, 2017
Witness Panel 1
On March 28, 2017, The Senate Committee on Banking, Housing, and Urban Affairs hosted a hearing entitled “Fostering Economic Growth: The Role of Financial Companies.” The hearing focused on ways that economic growth can be supported through regulatory relief for financial institutions and corporate users of the financial system. The panelists advocated for regulatory relief that would expand lending opportunities into the community. However, concerns were raised that there is the potential for additional harm if ability to repay and other limits are removed, potentially creating another credit crisis in the US economy. Witness testimony and hearing details are available here.