Bill to provide relief to smaller U.S. banks, credit unions wins support in committee

Portland Press Herald
December 05, 2017

A Senate committee Tuesday moved toward approval of bipartisan legislation to ease regulations on smaller banks.

Supporters of the bill by Senate Banking Committee Chairman Michael Crapo, D-Idaho, including nine Democrats and one independent, called it a sensible step to reduce burdens, mostly on community banks and credit unions, to make it easier for consumers to get mortgages and obtain credit.

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