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financial reform consumer protection predatory lending: Financial Reform agreement reached in Senate and House conference - 06/25/10 08:01 AM
The big financial reform bill is near passage as the House and Senate reconciliation conference announced agreement. The bigger issued that were worked out were on derivatives, bank regulations, and consumer protection.
UPDATE 6/29 - the provision to tax big banks was cited as a problem for passage. A new agreement was reached to remove the bank tax which was expected to bring in $19 billion in revenue. A partial replacement tax might be an increase in FDIC premiums. This would rais $3 billions, and share the cost with the smaller banks.
The consumer protection provisions contain most the mortgage related legislation, … (0 comments)

 
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Richard Smith FHA VA Rural Development in TN GA

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