House committee advances bill to spare community banks from reporting requirements
The Independent Community Bankers of America (ICBA) offered its support for a bill approved by the House Financial Services Committee that will help community banks. The committee passed the Small Lenders Exempt from New Data and Excessive Reporting (LENDER) Act (H.R. 941), which would exempt most community banks from small-business data collection and reporting requirements under Section 1071 of the Dodd-Frank Act. “ICBA and the nation’s community banks applaud House Financial Service...
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