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House Approves Two ICBA-Backed Reg Relief Bills

The House approved two ICBA-advocated regulatory relief bills inspired by ICBA’s Plan for Prosperity platform. The pro-community bank bills, which ICBA urged approval of in a letter to lawmakers yesterday, are:

The House also is expected to vote this week on H.R. 1529, sponsored by Rep. Brad Sherman (D-Calif.), to exempt from escrow requirements any mortgage loan held in portfolio by financial institutions with $10 billion or less in assets and to increase exemptions for small servicers. Read ICBA Letter.

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