Skip to Content

Banking/Financial

Rep. Loudermilk on Reining in the CFPB

| Posted in Press Releases

Rep. Barry Loudermilk (R-GA) today issued the following statement after the House passed a resolution of disapproval for the CFPB’s auto lending guidance (S.J.Res. 57): “From the beginning, Dodd-Frank has suppressed economic growth by placing regulatory obstacles between borrowers and lenders. Its overregulation has even prevented new businesses from emerging. However, today the House…

'Intended [Volcker Rule] to prevent banks from engaging in risky investments’

| Posted in Speeches and Floor Statements

Rep. Barry Loudermilk (R-GA) House Floor Speech on the Volcker Rule Regulatory Harmonization Act (H.R. 4790). Summary of H.R. 4790: • Amends the Bank Holding Company Act of 1956 to exempt from the Volcker Rule banks with total assets: o Of $10 billion or less, and o Comprised of 5% or less of trading assets and liabilities. (The Volcker Rule prohibits banking agencies from…

'Are we collecting and maintaining too much data?'

| Posted in Speeches and Floor Statements

Rep. Barry Loudermilk (R-GA) five minute Q&A at the Financial Institutions and Consumer Credit Subcommittee hearing entitled “Legislative Proposals to Reform the Current Data Security and Breach Notification Regulatory Regime.” H.R. 4028, the "Promoting Responsible Oversight of Transactions and Examinations of Credit Technology Act of 2017" H.R. ____, the "Data Acquisition…

Right-Size Regulation for Financial Institutions

| Posted in Press Releases

Rep. Barry Loudermilk (R-GA) today issued the following statement regarding House passage of the Comprehensive Regulatory Review Act (H.R. 4607): Video Transcription: “I introduced the Comprehensive Regulatory Review Act because the consistent message I’m hearing from financial institutions back home, especially the small…

House passes bill requiring more frequent reviews of financial regulations

| Posted in In The News

From The Hill:  The House on Tuesday easily approved a bipartisan bill requiring financial regulators to more frequently conduct comprehensive reviews of their banking regulations. Rep. Barry Loudermilk’s (R-Ga.) Comprehensive Regulatory Review Act passed by a 264-143 vote, which included the support of 38 Democrats. To read entire article, please click HERE.

‘It's about good government and cleaning up unnecessary red tape’

| Posted in Speeches and Floor Statements

Rep. Loudermilk (R-GA) House floor speech on his bill, H.R. 4607, the Comprehensive Regulatory Review Act. H.R. 4607 • Amends the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to expand the required comprehensive review of financial regulatory requirements. • The review must be performed at least every 7, rather than 10, years. • After performing the review,…

‘If you do not need it [data], get rid of it’

| Posted in Speeches and Floor Statements

Financial Services Committee Hearing entitled “Monetary Policy and the State of the Economy” Rep. Barry Loudermilk (R-GA) questioning the Honorable Jerome H. Powell, Chairman, Board of Governors of the Federal Reserve System. To watch the entire hearing, please click HERE. ###