Like Causes?

Install the App
TRY NOW

senate Bill S. 2155

Regulatory Relief For Community Banks & Expanding Consumer Credit Protections

Argument in favor

This bipartisan bill provides common sense reforms to modernize regulations for community banks and credit unions, while enhancing consumer protections for veterans, senior citizens, victims of fraud, and people who fall on hard times.

Roger's Opinion
···
03/06/2018
Yes, federal regulatory constraints should continue to be removed to open the door for more free market activities.
Like (64)
Follow
Share
John's Opinion
···
03/06/2018
We should support small banks. The regulatory burden should increase as the size of the bank increases.
Like (42)
Follow
Share
Jennifer's Opinion
···
03/06/2018
This bipartisan bill provides common sense reforms to modernize regulations for community banks and credit unions, while enhancing consumer protections for veterans, senior citizens, victims of fraud, and people who fall on hard times.
Like (17)
Follow
Share

Argument opposed

While the consumer protections in this bill are worthwhile and community banks need some regulatory relief, this bill goes too far in trying to lift burdens on smaller depository institutions.

IllWill's Opinion
···
03/06/2018
Stop the deregulation of our financial industry! These kinds of bills are only dragging us down the same road that led to the financial crash and Great Recession. Americans are not asking for bank deregulation. The focus should be on gun laws!
Like (320)
Follow
Share
I.Got.an.Idea...'s Opinion
···
03/06/2018
Anytime there is a Republican involved with a banking regulation or policy, you can be sure it is unethical. They place a lot of spin in the title of the bill and it performs the exact opposite of what it sounds like. These politicians should be charged with fraud and trying to mislead the Citizens. They should be imprisoned for their unethical acts and behaviors.
Like (163)
Follow
Share
efuentesm's Opinion
···
03/06/2018
Have we learned nothing from our previous deregulation attempts?
Like (122)
Follow
Share
    Yes, federal regulatory constraints should continue to be removed to open the door for more free market activities.
    Like (64)
    Follow
    Share
    Stop the deregulation of our financial industry! These kinds of bills are only dragging us down the same road that led to the financial crash and Great Recession. Americans are not asking for bank deregulation. The focus should be on gun laws!
    Like (320)
    Follow
    Share
    Anytime there is a Republican involved with a banking regulation or policy, you can be sure it is unethical. They place a lot of spin in the title of the bill and it performs the exact opposite of what it sounds like. These politicians should be charged with fraud and trying to mislead the Citizens. They should be imprisoned for their unethical acts and behaviors.
    Like (163)
    Follow
    Share
    Have we learned nothing from our previous deregulation attempts?
    Like (122)
    Follow
    Share
    Only if the banking institutions agree to no taxpayer bailouts when they belly up and agree to doing none of practices that led up to the 2008 crash! HA! Will never happen so NO!
    Like (50)
    Follow
    Share
    We should support small banks. The regulatory burden should increase as the size of the bank increases.
    Like (42)
    Follow
    Share
    Stop the deregulation for the sake of business interests and against the interests of the American people. You all may believe you are immune to the next Great Recession, but most of your constituents are not. When it happens as a result of your self-interest and lobbyist actions, you will not be immune. You will be powerless like the rest of us as you lose your Congressional seats.
    Like (39)
    Follow
    Share
    Parts of the bill claim to offer consumer protections. However, these measures are either illusionary, inadequate, or when real, they are modest and far outweighed by measures that re-expose Americans to a wide array of dangerous and abusive financial practices.
    Like (34)
    Follow
    Share
    This is what led to the big bailouts for the banks. Why is our Congress doing this? Haven’t you heard doing the same thing and expecting a different result is insanity? Please don’t send us down the same path.
    Like (30)
    Follow
    Share
    This bipartisan bill provides common sense reforms to modernize regulations for community banks and credit unions, while enhancing consumer protections for veterans, senior citizens, victims of fraud, and people who fall on hard times.
    Like (17)
    Follow
    Share
    The Title is a Shell Game! Although it does help community banks (very few survive) it also eases restrictions on the Too Big To Fail banks. Just what we need to speed our descent into the next crash. Democrats in favor were BOUGHT OFF!
    Like (14)
    Follow
    Share
    Do not vote for this bill. Do we need to suffer through another 2008 again?
    Like (13)
    Follow
    Share
    This will help cause the "Second Great Recession" if this passes! The "consumer protections" offered in this bill are either too modest or are too ineffective. This is just sick ploy to use community banks as an excuse to deregulate ALL banks, including the same big banks that contributed to the Financial Crisis in 2007 and 2008! Also, notice how all the cosponsors (Both Republicans and Democrats) of this bill have each accepted thousands of dollars in contributions from big banks. Follow the money!
    Like (12)
    Follow
    Share
    Keep the Dodd-Frank bill to protect the country from another financial crisis. Republicons are working really hard to destroy our country! We must unite to stop them and put the country back on track to taking care of everyone, don’t let selfishness and greed rule the day.
    Like (11)
    Follow
    Share
    The Senate needs to reject this dangerous bill that puts America at risk of another financial crisis.
    Like (11)
    Follow
    Share
    Don’t bring back the Great Depression to feed your wealthy donors!
    Like (11)
    Follow
    Share
    This was a bill that passed the Senate with 67 votes. That tells you how bipartisan this bill is and how normal it is. For you to be against it, you are simply just taking an extreme left wing position and hope that we have more regulations of our smaller banks, who played no part in the 2008 crash.
    Like (10)
    Follow
    Share
    I cannot believe you are willing to roll back regulations on banks when 10 years ago that lack of regulation brought us to economic disaster. No Democrat has ANY business working with current Republicans on bank deregulation or on any other issue. Their racism and sexism alone should tell you that, without even having to get to their failed economic policies that have repeatedly harmed people in this country. Not to mention their proven duplicity. I am deeply, deeply disappointed in Tim Kaine’s and Mark Warner’s votes to proceed with this bill. To proceed with any bill backed by the Republicans in Congress. I am so tired of and angry with how white men vote.
    Like (10)
    Follow
    Share
    The Great Recession showed that we need Dodd-Frank, just as the Great Depression showed that we needed the FDIC! We need regulation on financial institutions, because every time that Republicans mange to get regulations repealed, there is a major financial downturn! EVERY DAMN TIME! "THOSE WHO DO NOT KNOW HISTORY ARE CONDEMNED TO REPEAT IT!" But in the case of the Republicans, it is not ignorance but willful stupidity! Or shall I say willful catering to their Big Business donors who become their bosses! Because they selfishly do not care about anyone but themselves!
    Like (10)
    Follow
    Share
    Remember the last financial crisis?? I do never again!!
    Like (10)
    Follow
    Share
    MORE