A Summary of The U.S. Department of Treasury Report to President Trump: “A Financial System That Creates Economic Opportunities – Banks and Credit Unions”
In June 2017, the U.S. Department of the Treasury released a 150-page report responding to President Donald J. Trump’s executive order for regulatory change in the financial system. Titled “A Financial System That Creates Economic Opportunities—Banks and Credit Unions,”
it is the first in a series of four reports expected this year. This installment covers the depository system (including banks, savings associations, and credit unions of all sizes, types, and regulatory charters).
Treliant’s Steve Bartlett
, Senior Advisory Board Member, James R. Causey
, Senior Director, and Grace E. Chang
, Analyst, have prepared a “summary of the summary”: a ten-page simplified version of the Treasury’s 150-page report. This summary is certainly not a substitute for the official pronouncement—nor does it intend to change the meaning of the Treasury’s original report.
Request a copy of the Treasury Report Summary.
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Articles in the Summer 2017 issue of New Coordinates, Treliant's Quarterly Newsletter, include:
- Reinstatement of the Glass-Steagall Act? Bankers Beware, It’s a Trap
- Meeting the NYDFS Deadline for Certified AML and OFAC Safeguards
- Practical Advice for Managing Fair Lending Risk
- It’s Time to Prepare for Small Business Fair Lending Exams
- HMDA Reporting Requirements for Loan Assumptions Expanding in 2018
- Regulatory Relations are Make-or-Break in Banking Today
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