The ABA supports provisions in a housing bill aimed at raising supervisory thresholds for community banks and encouraging new bank formation. These changes could indirectly benefit Texas credit unions by supporting the broader banking sector.
Texas Relevance
The article does not explicitly mention Texas, TX, TCUD, or any Texas-specific entities. The support for community banks and new bank formation is broadly applicable but not specifically relevant to Texas CUs.
Original Content
ABA voiced support for several provisions in a legislative package intended to boost housing availability in the U.S., including language to raise supervisory thresholds for community banks and to encourage new bank formation. The post ABA backs bank-related provisions in housing bill appeared first on ABA Banking Journal .