Senate is poised to roll back rules meant to root out discrimination by mortgage lenders - News Summed Up

Senate is poised to roll back rules meant to root out discrimination by mortgage lenders


But 12 of her Democratic colleagues have co-sponsored the bill, which would be the most significant revision of banking rules since Dodd-Frank. Five more from the Senate Democratic caucus voted last week to advance the legislation. Sponsors of the financial regulation rollbacks include 2016 vice presidential candidate Tim Kaine (D-Va.), a former fair-housing lawyer. The bill's supporters say they don't think it would widen the door for discriminatory lending, arguing that mortgage data such as race and gender collected before Dodd-Frank would still be gathered.


Source: Los Angeles Times March 12, 2018 16:18 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */