Trade associations representing small banks and credit unions have sent a letter to Senate Banking essentially saying that the small lender mutual established under Johnson and Crapo is still not enough to assure them that the big lenders won’t eat their lunch. Especially as proposals surface to tax big lenders for small-bank securitization, the letter’s “asks” may well be included in the revised Johnson-Crapo bill assuming the Committee leadership is able to craft one for a mark-up on April 29.
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