Over the objections of consumer groups and liberal Democrats, legislation to provide regulatory relief to home lenders has made its way through the Senate.

By a vote of 67 to 31, S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, has been passed by the Senate.

The proposed law would roll back or reduce some of the requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Source: Mortgage Daily