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Committee advances ‘rural’ petition bill
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Consumer Protection
Tuesday, March 18, 2014
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A bill that would establish a public petition process for challenging whether an area is non-rural for the purposes of the Consumer Financial Protection Bureau’s mortgage rules cleared the U.S. House Financial Services Committee with bipartisan support. The measure, HR 2672, was approved on a 55-1 vote March 14. The bill differs from an earlier version of the legislation. Read on for the details.
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