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House Bill Offers Coop Lenders Relief from Dodd-Frank

The Small Business Credit Availability Act passed the U.S. House of Representatives this week and moves on to the Senate.  The bill would revise the Dodd-Frank Act to exempt smaller banks, including those offering financing to rural coops, from certain p
April 26, 2012

The Small Business Credit Availability Act passed the U.S. House of Representatives this week and moves on to the Senate.  The bill would revise the Dodd-Frank Act to exempt smaller banks, including those offering financing to rural coops, from certain provisions of the major regulatory reform law.  With less red tape and new costs to deal with, smaller banks and similar financial institutions should be able to extend more loans and create jobs.  Read more here.

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