HR-3230 — Financial Institution Regulatory Tailoring Enhancement Act

YourVoice.Now Summary

Your MoneyCorporate BenefitsTransparency & Accountability

Banks up to $50 billion would face lighter rules — fewer CFPB exams, looser trading limits, and mortgage legal shields

Your Money

Your right to sue over an unaffordable mortgage — limited at more banks

Lenders must check that you can repay a home loan. If a bank under $50 billion keeps your loan, it would count as meeting that rule. That weakens a claim that the lender skipped the check.

Corporate Benefits

Banks allowed to trade for their own profit — up to $50 billion

The Volcker Rule bars banks from betting their own money on trades. It also bars them from owning hedge funds or private equity funds. Banks with $50 billion or less, counting any parent company, would be exempt, up from $10 billion.

Mortgage legal shield for banks — size limit $10B to $50B

Banks under $50 billion could skip parts of the standard home loan checklist for loans they keep. They must still check your income and debts and limit fees.

Simpler capital rules reach larger banks — limit rises to $50 billion

Banks under $50 billion could meet their capital rules by passing one simple test, if regulators judge them low-risk. Today only banks under $10 billion can.

Transparency & Accountability

Consumer bureau checks on mid-size banks — limit rises to $50 billion

Banks and credit unions with $10 billion to $50 billion would leave the CFPB's regular exams. Their usual bank regulator would enforce consumer loan laws there instead.

More about this bill

If your bank or credit union holds $10 billion to $50 billion, a different agency would check how it treats you. Today, the Consumer Financial Protection Bureau (CFPB) examines banks over $10 billion. It also takes the lead in enforcing consumer loan laws against them. The bill moves that line to $50 billion. Below it, the bank's regular regulator would enforce those laws instead. The same $10 billion line moves to $50 billion in three other rules. Banks under it could trade for their own profit and own stakes in hedge funds, which the Volcker Rule now bans. Lenders must check that you can repay a home loan. Loans these banks keep on their books, on basic terms, would automatically count as checked. That would make it harder to sue over an unaffordable loan. These banks could also use a simpler test of their cash cushion.

Congressional Summary

Congress's official summary of this bill still describes an earlier version of the text, so we have left it out here. You can read it on Congress.gov.

Congress.gov →

Legislative Subjects

Bank accounts, deposits, capitalBanking and financial institutions regulationFinancial services and investmentsHousing finance and home ownershipSecuritiesUser charges and fees

Details

Congress: 119th
Chamber: House
Status: summarized
Action: Reported to House
Action Date: 2025-06-20
Date Added: 2026-10-08
Source: Congress.gov →

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