Grow the Economy
A thriving economy depends on well-functioning financial markets, as well as consumers and businesses that can take advantage of them. Right-sized regulation of banks and policies that make credit and debt more manageable for borrowers in addition to a simpler, student-debt friendly tax code - helps all parties participate in the credit cycle, generating economic growth and prosperity.
Encourage Innovation While Protecting Consumers
New banking technologies have the potential to increase U.S. competitiveness, promote financial inclusion 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.
Rebuild the 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, the low-income housing tax credit should be expanded and policies to help farmers manage debt burdens should be in place.
Remove Impediments to Serving Customers
Well-intentioned but overly prescriptive regulation and price controls, along with overzealous enforcement, can inhibit the ability of banks to offer products and services that their customers want and need. Striking the right balance between ensuring fundamental standards are met while offering providers flexibility to meet their customer's needs is imperative.