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On May 21, 2015, the U.S. Senate Banking Committee held a "mark-up" to debate and vote on the "Financial Regulatory Improvement Act of 2015," legislation aimed at removing some regulatory barriers that are currently restricting credit availability for many Americans. In its letter to Chairman Shelby (R-AL), NAR highlighted the need for Congress to focus their efforts on providing regulatory relief to small community-based financial institutions. Additionally, NAR urged the U.S. Senate Banking Committee to continue to work together to pass bipartisan legislation that will moderate the regulatory burdens faced by small community banks, while maintaining responsible protections for consumers.
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