Grow the Economy
A thriving economy depends on well-functioning financial markets, as well as consumers and businesses that can take advantage of them. Commonsense regulation of banks and policies that make credit and debt more manageable for borrowers helps everyone participate in the credit cycle, generating economic growth and prosperity. We should all want that.
Encourage Innovation While Protecting Consumers
New banking technologies have the potential to promote financial inclusion, increase U.S. competitiveness and expand access to banking services that drive the economy. Facilitating innovation and growth requires strong partnerships between banks and nonbank competitors, effective consumer protection measures and a robust culture of cybersecurity.
Support Housing Market
Ensuring Americans have access to mortgage loans and affordable housing can help stabilize communities and provide individuals and families with the means of building wealth. To promote steady growth in the housing market, mortgage regulations should be flexible, data requirements should make sense and policymakers should figure out the future of Fannie Mae and Freddie Mac, by taking on GSE reform.
Commonsense Banking Rules
Well-intentioned but overly prescriptive regulations, along with overzealous enforcement, can inhibit the ability of banks to offer products and services that their customers and communities want and need. Striking the right balance between ensuring fundamental standards are met, while offering banks greater flexibility to meet their customer's needs is imperative.