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Monday, July 28, 2014

House Panel to Vote on ABA-Backed Bills Tomorrow

The House Financial Services Committee will vote on several ABA-backed bills, including H.R. 4042, which would delay the implementation of Basel III rules affecting mortgage servicing assets until a full study of their effects is undertaken.

ABA also supports H.R. 5148, which would exempt some lower-cost mortgages from Truth in Lending Act appraisal requirements, and H.R. 3913, which would require a cost-benefit analysis of new regulations.

On Wednesday, the House committee will hold a CFPB oversight hearing and a Senate subcommittee will examine the flood insurance claims process.

On Thursday, the Senate Banking Committee will discuss financial products for college students and the forthcoming Government Accountability Office report on too-big-to-fail.

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