The American Banker’s Association (ABA) has released their analysis of the 2014 mid-term elections. MHProNews has obtained their statement. Quoting, “After countless television and radio spots, endless debates and campaign expenditures of nearly $3.7 billion, the control of the U.S. Senate is now in the hands of Republicans and, as expected, Republicans exceeded their margin of control in the U.S. House of Representatives.”
“…As is the case with all informed Americans, bankers remain concerned with the difficult issues our country faces on the tax policy, health care and the budget deficit. More directly, bankers are concerned that four years after the passage of the Dodd-Frank Act, banks of all sizes are feeling the strain of regulation weighing the industry down and harming their ability to serve their customers.”
The seriousness of the concerns of the ABA and other groups reminds manufactured housing professionals that our industry is far from alone in feeling the negative impact of the CFPB and other regulatory over-reaches at the federal level. Quoting again from the ABA release, “The results of this election could have a significant impact on the ability of our country to address issues before they grow beyond repair.”
The entire ABA post-election report is available at the link here. ##
Related story on GreenbergTraurig (GT) post election report, linked here.
(Image credit: ABA logo)