A bill by Representative Tom Emmer (R-Min) that would increase the reporting threshold under the Home Mortgage Disclosure Act for open-end lines of credit and closed-end mortgages was introduced Tuesday. This isn’t the first legislation of its kind; several are urging CFPB to provide exemptions from its rules. Many of these requirements will be rolled out after the first of 2018. See what Representative Tom Emmer and Congressman Blaine Luetkemeyer have in mind.
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Source: DS News