Roger Williams Discusses Regulatory Reform with Small Lenders
“Regulations are not just hurting banks but the customers who depend on them.”
WASHINGTON, D.C. – Congressman Roger Williams (R-Texas), a small business owner of more than 40 years and a member of the House Financial Services Committee, today asked community banks and credit unions what Washington can do to relieve some of the regulatory burden that has caused hardships for smaller financial institutions.
"While the stated purpose of these new laws and regulations is to protect consumers, the opposite is actually happening," said Williams. "Regulations are not just hurting banks but the customers who depend on them.
"It impacts the seller, it impacts the buyer and the bank trying to make the loan, but what about the plumbers, what about the carpenters, electricians and local contractors and hardware stores who would benefit from selling a home?"
Click on the image below to watch Williams in committee:
