Financial reform bill moves forward

Lenders don't like 'skin in the game' requirement

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Inman Connect New York | January 29 - February 1, 2019

Legislation in play in the Senate would create a Consumer Financial Protection Bureau within the Federal Reserve that would take over the enforcement of two major laws governing real estate professionals and mortgage lenders — the Real Estate Settlement Procedures Act (RESPA) and the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE).