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House Financial Services Committee

Dennis Ross: Giving community banks, credit unions Financial CHOICE

in 2017/Statewide/Top Headlines by

This week, the House of Representatives will consider an important financial reform package, known as the Financial CHOICE Act, which provides desperately needed relief to community financial institutions from the harmful, complex and excessive regulatory environment created by the Dodd-Frank Act. The Dodd-Frank Act, signed into law by President Obama in July 2010, was more than 2,000 pages long and directed federal regulators to implement more than 400 new rules and regulations to reform our financial system. When the Dodd-Frank…

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Charlie Crist named to three key financial services subcommittees

in The Bay and the 'Burg/Top Headlines by

Charlie Crist, as a member of the House Financial Services Committee, was tapped to serve on three of its principal subcommittees. The freshman St. Petersburg Democrat has been named to: — Financial Institutions and Consumer Credit, which covers all matters relating to banking, including oversight of the Consumer Financial Protection Bureau, mortgages, and federal regulators of financial institutions; — Monetary Policy and Trade, which has jurisdiction over the Export-Import Bank and the International Monetary Fund as well as the Federal…

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Aided by poker devotees, lawmaker pushes to end the ban on online gambling

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Must-read article from the New York Times: After coming up short in a first effort, a Democratic lawmaker has again introduced legislation that would roll back a ban on Internet gambling enacted when Republicans led Congress. The legislation, introduced this month by Representative Barney Frank of Massachusetts, would allow the Treasury Department to license and regulate online gambling companies that serve American customers. Under the current law, approved by Congress in September 2006, financial institutions are banned from handling transactions…

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