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Tuesday, May 26, 2015 7:44:49 PM
http://brown.senate.gov/download/?id=CC739E75-7C90-459C-B64E-598F8316115E
It is possible.
The alternative version would also amend the Consumer Financial Protection Act to add various provisions of the Servicemembers Civil Relief Act to the “enumerated consumer laws” that can be enforced by the CFPB. In addition, it would amend the TILA ability to repay provision by creating a safe harbor for mortgage loans that meet certain conditions and are held in portfolio by banks and credit unions with less than $10 billion in assets. This safe harbor is substantially narrower than the safe harbor that Senator Shelby’s bill would create.
Sad he stopped fighting for restoration of the Jrs. Perhaps he got a private deal on that? Like the Fed pumping price for a recoup at 40 cents on the dollar helping community banks exit?
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