A split between liberal and moderate Democrats enabled the Republican-controlled Senate to move forward legislation that would overhaul the Dodd-Frank Wall Street Reform and Consumer Protection Act.

On Tuesday, S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, advanced by a vote of 67-32 in the Senate.

The vote likely clears that way for the Senate to pass the bill this week or next week, sending it to the House.

Source: Mortgage Daily