NEW CONGRESS PROMISES LESS RED TAPE

Our friends at ICSC bring us an article regarding the direction the new Congress is heading on regulatory issues and what it may mean for commercial real estate:

“The Trump administration and the Republican Congress are expected to roll back certain regulations — including some financial and environmental rules long considered to have an impact on the retail real estate industry….While some rules can be changed by congressional review or with a stroke of the presidential pen, other regulations — including parts of the Dodd-Frank Act — will likely require the drafting and passage of congressional amendments, a more time-consuming process, Platt notes. Already, would-be reformers are tossing around a variety of proposals aimed at curbing the Consumer Financial Protection Bureau (CFPB), which regulates banks, lenders and other financial companies.”

Click here to read the full article.

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