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Senate bill alters TRID, QM, SIFI
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Legislation
Monday, November 13, 2017
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The Senate Banking Committee released the framework on a bipartisan financial regulation bill, with nine co-sponsors from each side of the aisle signing onto the agreement.
The package includes changes which would affect the TRID three-day rule, QM status for portfolio loans, and capital standards for Systemically Important Financial Institutions.
Democrats led by Joe Donnelly (D-Ind.), Heidi Heitkamp (D-N.D.), Jon Tester (D-Mont.) and Mark Warner (D-Va.) joined Chairman Mike Crapo (R-Idaho) and other Republicans in announcing the package. Read on for details and initial reactions from industry trade associations.
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