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Wednesday, April 15, 2015

House Passes ABIA-Backed Points and Fees Bill

By a bipartisan 286-140 vote, the House yesterday passed H.R. 685, a bill introduced by Rep. Bill Huizenga (R-Mich.) that would provide needed clarifications on the Qualified Mortgage rule’s points and fees test as part of ABA’s Agenda for America’s Hometown Banks. The bill would help bankers better meet the credit needs of their communities, ABA said in a letter on Monday.

Read ABA’s letter.