ago cfpb announced changes to its mortgage rules a win for small lenders particularly those that underrural areas and the rural areas, the fit proposed to eliminate quarterly consolidated reporting financial requirements for certain bank holding companies and savings and loan holding companies under a billion dollars. since our last hearing last fall congress has also acted. we passed the president signed into law bills that were discussed at the september hearing an supported by those who will be before this committee on thursday. these bills included a bill introduced by senators king and warner and tester that doubled the threshold for the small bank holding company policy statement, a bill supported by senators king, jack reed on this committee and senator warren sapper to allow insures for credit union members in a bipartisan bill or authorized by senator more ran and me to permitle institutions to offer prize link savings accounts. all are law. also as a result of congressional action led by senator vitter the president's nominated a community banker to serve on the federal reserve bo

ago cfpb announced changes to its mortgage rules, a win for small lenders particularly those that underrural areas and the rural areas, the fit proposed to eliminate quarterly consolidated reporting financial requirements for certain bank holding companies and savings and loan holding companies under a billion dollars. since our last hearing last fall congress has also acted. we passed the president signed into law bills that were discussed at the september hearing and supported by those who will be before this committee on thursday. these bills included a bill introduced by senators king and warner and tester that doubled the threshold for the small bank holding company policy statement, a bill supported by senators king, jack reed on this committee and senator warren to allow insures for credit union members in a bipartisan bill or authorized by senator moran and me to permitle institutions to offer prize link savings accounts. all those are now law. also as a result of congressional action led by senator vitter, the president's nominated a community banker to serve on the federal reserve