Information from Westar Lending Group

In May of this year congress passed a “Roll Back Bill” to the Dodd-Frank Consumer Lending Law that was signed into law by President Donald Trump. There was some Bi-Partisan support for the law that made several substantial changes and modifications to the Dodd-Frank Law that went into effect back in July 2010. While the just passed rollback law mostly effects smaller regional banks, by increasing their regulatory Threshold Assets from $50 Billion up to $100 Billion, the real encouraging news is that there is Bi-Partisan support in Congress to continue making additional regulatory rollbacks.