Wednesday, March 7, 2018

US Senate may loosen banking rules soon


The US Senate began debate March 7, 2018  to loosen banking rules implemented following  the 2007-2009 financial crisis, marking a significant breakout in the long-running debate over regulation compared to consumer protection. Proposals include relaxing restriction on bank owned hedge funds, reducing holding capitol in time of crisis, and reducing oversight on banks under $250B. This may loosen credit restrictions, increase the buyer pool, and hypothetically increase demand for housing. David Carr  The foundation of your success in real estate, here when the time is right for you©

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