WSBI U.S. member ICBA survey says new mortgage regulations prevent members making more home mortgages.
Approximately three-quarters of community bankers responding to an ICBA survey said new mortgage regulations are keeping them from making more residential mortgage loans. Among its other findings, the 2014 Community Bank Lending Survey also found that:
ICBA said the results show the negative impact of excessive community bank regulation and the need for Congress to act on ICBA’s Plan for Prosperity for the 114th Congress. ICBA’s regulatory relief platform includes a variety of provisions to protect community banks from the CFPB’s mortgage rules and other regulatory burdens.
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