Committee on Financial Service Hearing to Discuss CREDIT

Right now, the Committee on Financial Services is holding a hearing entitled, “Exploring the Balance between Increased Credit Availability and Prudent Lending Standards” in Washington. The discussion centers around legislative, regulatory and other obstacles that financial institutions feel are limiting their ability to provide credit. In addition to accounting obstacles discussed on this blog, many bankers feel there are regulatory hurdles that make lending more difficult than it should be given the market conditions.