Two months after making it through the Senate, legislation to roll back or reduce some of the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act has passed the House.

The Senate passed S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, in March by an overwhelming majority.

On Tuesday, by a vote of 258 to 159, the House passed the bill — which was opposed by several dozens advocacy groups because of concessions to credit reporting firms.

Source: Mortgage Daily