Banks to Seek Exemption for GMP if Federal Anti-Tying Rules Hamper Ability to Offer Product
September 12, 2003
Federal anti-tying rules could restrict banks’ ability to package a single, fixed-cost bundle of closing services as proposed by the Bush administration in a forthcoming rule streamlining the Real Estate Settlement Procedures Act. In a proposed guidance and interpretation of the anti-tying provisions of the Bank Holding Company Act, the Federal Reserve Board acknowledged that banks could find it difficult