NAHB applauds bank bill signing
The National Association of Home Builders (NAHB) said it fully supports President Donald Trump signing of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) into law.
According to the NAHB, the law will give banks what is needed to provide more loans while boosting home building and the economy.
“NAHB commends President Trump for working with the House and Senate to advance bipartisan banking reform legislation through Congress,” NAHB chairman Randy Noel said in a statement issued by the association this morning.
A custom home builder from LaPlace, La., Noel added, “S. 2155 will improve credit availability by providing much-needed relief for community banks, which are the most common source of lending for home construction and are key providers of home mortgage loans. In turn, this will support a stronger, more robust recovery of the housing and mortgage markets.”
The new law essentially loosens restraints placed on banks following the 2008 financial crisis and Great Recession.
According to the NAHB, the law will give banks what is needed to provide more loans while boosting home building and the economy.
“NAHB commends President Trump for working with the House and Senate to advance bipartisan banking reform legislation through Congress,” NAHB chairman Randy Noel said in a statement issued by the association this morning.
A custom home builder from LaPlace, La., Noel added, “S. 2155 will improve credit availability by providing much-needed relief for community banks, which are the most common source of lending for home construction and are key providers of home mortgage loans. In turn, this will support a stronger, more robust recovery of the housing and mortgage markets.”
The new law essentially loosens restraints placed on banks following the 2008 financial crisis and Great Recession.