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Congressman Scott Tipton

Representing the 3rd District of Colorado

Financial Services

The most pressing issue facing financial institutions in the Third Congressional District is the compliance burden from Dodd-Frank regulations. The Dodd-Frank regulations were meant to lift the economy out of recession and end the “too big to fail” phenomenon that came out of the 2008 financial crisis. Instead, the one-size-fits-all regulations have hurt community banks, stunted the growth of small businesses, and limited credit options for lower-income Americans. As a member of the House Financial Services Committee, I am working to provide our small banks and credit unions relief from heavy-handed Dodd-Frank regulations that should never have been applied to them in the first place.

 

More on Financial Services

June 13, 2017 In The News
Did you know the Dodd-Frank Act of 2010 includes more regulations than all other laws signed by President Barack Obama combined?
June 12, 2017 Press Release
Did you know that the Dodd-Frank Act of 2010 includes more regulations than all other laws signed by President Obama combined?
June 8, 2017 Press Release
Congressman Scott Tipton (CO-03) voted in support of the Financial Creating Hope and Opportunity for Investors, Consumers, and Entrepreneurs (CHOICE) Act (H.R. 10).
April 28, 2017 Press Release
April 30 – May 6, 2017, marks National Small Business Week, a time when we recognize the significant role small businesses play in the United States.
April 27, 2017 Press Release
During a hearing on the Financial CHOICE Act on Wednesday, Congressman Scott Tipton (CO-03) questioned a five-member panel about the harmful regulations imposed on Americans by the Dodd-Frank Act of 2010.
April 25, 2017 Press Release
The months following the 2008 financial crisis were devastating for many Americans. Hardworking men and women lost their jobs, their savings, their pensions, and their homes. But instead of taking steps to strengthen consumer protections and bring stability to the financial system, Congress and the Obama Administration responded with the Dodd-Frank Act.
April 7, 2017 Press Release
Congressman Scott Tipton (CO-03) questioned Cordray about findings from recent American Action Forum (AAF) report on the Bureau’s pace of rulemaking.
April 5, 2017 Press Release
Congressman Scott Tipton (CO-03) has introduced a bill that will preserve consumers’ access to prepaid financial products.
March 29, 2017 Press Release
Congressman Scott Tipton (CO-03) questioned the Financial Stability Oversight Council’s (FSOC) process for designating non-bank entities as Systematically Important Financial Institutions (SIFIs).
March 27, 2017 Press Release
The core mission of the CFPB, protecting consumers from bad actors, is important, but we should all be concerned about the unconstitutional structure of the Bureau.