From the Office of Congressman Eliot L. Engel: GOP Moves to Weaken Dodd-Frank Financial Regulations
By Bryant Daniels, Director of Public Affairs, Office of Congressman Eliot L. Engel
Editor's note: Representative Eliot L. Engel represents the 16th Congressional District, which comprises the northern Bronx and the southern half of Westchester County, including Bronxville.
May 30, 2018: Congressman Eliot L. Engel issued the following statement:
“Yesterday, Congressional Republicans continued their march backwards by passing the most significant weakening of Dodd-Frank since the law was first written in response to the 2008 economic catastrophe, where 9 million people lost their jobs, 11 million lost their homes, and at least $113 trillion was lost in household wealth.
Their move, which now awaits the signature of the president, opens the financial system back up to the abuse and risky behavior that almost collapsed the economy a decade ago, and does so at a time when financial firms are posting record profits, more than $163 billion in each of the past 3 years.
“The American people literally cannot afford this GOP majority in Congress. The banking industry needs more scrutiny, not less. I opposed and voted against this bill because the legislation was touted as community bank relief, when in reality it was a megabank giveaway.
Bank lending is up 80% since the passage of Dodd-Frank in 2010. Community banks are outperforming the larger banks and credit unions have expanded and are steadily increasing their lending.
“This bill, while masquerading as a community bank relief bill, is really one to undermine our efforts to curtail predatory and discriminatory lending practices. That is why I voted against it.”
Pictured here: Congressman Eliot L. Engel.
Photo courtesy Office of Congressman Eliot L. Engel
Editor's note: As a public service, MyhometownBronxville publishes press releases, statements, and articles from local institutions, officeholders, candidates, and individuals. MyhometownBronxville does not fact-check statements therein, and any opinions expressed therein do not necessarily reflect the thinking of its staff.
Government & History Directory
Bronxville is a quaint village (one square mile) located just 16 miles north of midtown Manhattan (roughly 30 minutes on the train) and has a population of approximately 6,500. It is known as a premier community with an excellent public school (K-12) and easy access to Manhattan. Bronxville offers many amenities including an attractive business district, a hospital (Lawrence Hospital), public paddle and tennis courts, fine dining at local restaurants, two private country clubs and a community library.
While the earliest settlers of Bronxville date back to the first half of the 18th century, the history of the modern suburb of Bronxville began in 1890 when William Van Duzer Lawrence purchased a farm and commissioned the architect, William A. Bates, to design a planned community of houses for well-known artists and professionals that became a thriving art colony. This community, now called Lawrence Park, is listed on the National register of Historic Places and many of the homes still have artists’ studios. A neighborhood association within Lawrence Park called “The Hilltop Association” keeps this heritage alive with art shows and other events for neighbors.
Bronxville offers many charming neighborhoods as well as a variety of living options for residents including single family homes, town houses, cooperatives and condominiums. One of the chief benefits of living in “the village” is that your children can attend the Bronxville School.
The Bronxville postal zone (10708, known as “Bronxville PO”) includes the village of Bronxville as well as the Chester Heights section of Eastchester, parts of Tuckahoe and the Lawrence Park West, Cedar Knolls, Armour Villa and Longvale sections of Yonkers. Many of these areas have their own distinct character. For instance, the Armour Villa section has many historic homes and even has its own newsletter called “The Villa Voice” which reports on neighborhood news.
Village of Bronxville Administrative Offices
337-6500
Open 9:00am - 4pm excluding holidays and weekends
Bronxville Police Department
337-0500
Open 24 hours
Bronxville Parking Violations
337-2024
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Bronxville Fire Deparment
793-6400
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