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Community Lender Regulatory Relief and Consumer Protection Act

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Democrats push new bill allowing community banks to exceed QM rule HW+

Jun 04, 2015By

The leading Democrats on both the Senate Banking Committee and the House Financial Services Committee are pushing a new bill designed to provide regulatory relief to community banks and increase consumer protections. Most notable among the bill’s provisions is a stipulation that would allow smaller banks to exceed the QM rules while still qualifying for QM Safe Harbor.

3d rendering of a row of luxury townhouses along a street

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