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News for Norther Colorado and the world

Friday, July 25, 2014

Gardner co-sponsors bill to boost main street economy

 

Press Release

WASHINGTON D.C. – Rep. Cory Gardner (R-CO) has added his name as a co-sponsor to the “Financial Institutions Examination Fairness and Reform Act”, H.R. 3461, a bill that will make it easier for community banks to navigate the financial regulatory system and better serve main street.
“Community banks are an essential part of the ‘main street’ economy, and these reforms are intended to ensure a fair process between the FDIC and the banks it regulates by creating an Office of Examination Ombudsman that will act as an impartial intermediary,” Gardner said. “This bill also cleans up the examination process that banks routinely go through and gives banks the right to appeal a regulatory decision to an independent Administrative Law Judge.”
To read the full text of H.R. 3461, click here
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