Senate Passes Economic Growth, Regulatory Relief and Consumer Protection Act

April 4, 2018 admin

On March 15, 2018, the U.S. Senate passed the Economic Growth, Regulatory Relief and Consumer Protection Act a bipartisan bill that LenderLaw Watch reported on as a piece of legislation to watch back in December. In general, the bill seeks to reduce compliance obligations for smaller financial institutions while maintaining the general integrity of the […]

Financial and civics education bills among trio that clears Senate

March 23, 2018 admin

Refinancing and rates of return could join reading and 'rithmetic among the staples of a Bay State student's education, and lenders might be barred from sending unsolicited loan offers under a pair of bills passed Thursday by the Senate. The chamber also passed a popular bill that would incorporate civics education into public schooling, including […]

Senate bill would diminish mortgage disclosures by banks Source: AP

March 13, 2018 admin

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

March 12, 2018 admin

The Senate is poised to pass a bill this week that would weaken the government's ability to enforce fair-lending requirements, making it easier for community banks to hide discrimination The sweeping bill rolls back banking rules passed after the 2008 financial crisis, including a little-known part of the Dodd-Frank Act that required banks and credit […]

The House and Senate voted to pass a two-year budget deal among other things.

February 10, 2018 admin

SEXUAL HARASSMENT IN U.S. HOUSE: The House on Feb. 6 passed a bipartisan bill that would reform the way it handles employees' sexual-harassment allegations against lawmakers. The bill prohibits House members from engaging in a sexual relationship with any staff member they supervise; requires lawmakers to personally pay settlements arising from their misconduct; establishes an […]