Senate Committee Hears Proposals On HMDA, Servicing and Lending
March 9, 2006
Banking industry lobbyists seeking regulatory relief from Congress touched on the Home Mortgage Disclosure Act, mortgage servicing and the possibility of credit card banks offering residential mortgages in recent testimony before the Senate Banking, Housing and Urban Affairs Committee. Unfortunately, those who testified in favor of regulatory relief legislation outnumbered the lawmakers in attendance by 16 to 4 at the day-long session. …