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Home » Store » News » Banks to Seek Cure if Anti-Tying Rules Crimp Ability to Offer GMPs

Banks to Seek Cure if Anti-Tying Rules Crimp Ability to Offer GMPs

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The American Bankers Association said it would seek an exclusion for federal banks should the Federal Reserve Board’s proposed tying guidance make it burdensome and riskier for banks to offer guaranteed mortgage packages. The ABA is reviewing the proposed guidance, which the Fed issued last month. The comment period ends Sept. 30.
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