In the News

In a 303-121 vote, the U.S. House approved legislation Wednesday that would keep the Consumer Financial Protection Bureau from penalizing banks and title companies for several months as they adjust to new disclosure forms for people buying or refinancing homes.

Rep. French Hill, R-Ark., who sponsored the bill, said businesses are concerned that the agency won't be lenient, despite a written promise from the bureau's director. An act of Congress, he said, would give the institutions greater confidence.

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