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Around the Industry

March 9, 2018
Bipartisan Measure to Protect Vets from Loan Churning Added to S.2155. Sen. Mike Crapo, R-ID, with strong support from Democrats, offered a substitute amendment to S.2155 that includes the language of S.2304, the Protecting Veterans from Predatory Lending Act, to protect veterans from abusive refinancing schemes. Sen. Thom Tillis, R-NC, and Sen. Elizabeth Warren, D-MA, introduced S.2304 as a stand-alone bill on Jan. 11, 2018. S.2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, aims to promote economic growth, provide tailored regulatory relief, and enhance consumer protections. S.2155 was introduced on Nov. 16, 2017, and reported out of committee on Dec. 5. It was added March 8 to the Senate’s schedule for consideration. Bill Introduced to Prevent Spread of Reverse-Mortgage Foreclosures in Philadelphia. The Philadelphia City Council is considering ...
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