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Financial Committee Passes Regulatory Amendment Bills

first_img 2017-10-15 Brianna Gilpin Previous: Stepping Up To CWCOTs Next: Suburbs: Where Americans are Migrating About Author: Brianna Gilpin Home / Daily Dose / Financial Committee Passes Regulatory Amendment Bills October 15, 2017 1,492 Views Related Articles The House Financial Services Committee recently passed a number of regulatory relief bills that address alleviating regulatory burdens in the mortgage space.One of the legislations, H.R. 2954, amends the Home Mortgage Disclosure Act of 1975 to exempt a depository institution from certain records and disclosure requirements having to do with open-end lines of credit and closed-end mortgage loans if the institution originated less than a certain amount of loans in the last two years. The bill is related to H.R. 2954, The Home Mortgage Disclosure Adjustment Act, and H.R. 3354. The vote passed 36-24.The Bureau of Consumer Financial Protection Examination and Reporting Threshold Act of 2017, or H.R. 3072, aims to increase the current $10 billion threshold at which regulated depository institutions are subject to examination and reporting requirements by the CFPB to $50 billion and passed with a vote of 39-21.Passing with a vote of 42-18, the Preserving Access to Manufactured Housing Act of 2017 (H.R. 3072) amends the Truth in Lending Act (TILA) to provide clarification that a manufactured housing retailer is generally not a mortgage originator.H.R. 3971, the Community Institution Mortgage Relief Act, passed by a vote of 41-19 to also amend the Truth in Lending Act as well as the Real Estate Settlement Procedures Act of 1974 to modify requirements for community financial institutions when it comes to certain rules relating to mortgage loans.The bills are now set to go to the House for consideration.”We are pleased to see a number of these bills get bipartisan support and look forward to continuing to work with lawmakers as these bills now await House action,” said NAFCU President and CEO Dan Berger. Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Financial Committee Passes Regulatory Amendment Bills Servicers Navigate the Post-Pandemic World 2 days ago Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] Share Save in Daily Dose, Featured, Headlines Subscribelast_img read more

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Important to obtain breast cancer screening

first_imgCategories: Letters to the Editor, Opinion In recognition of Breast Cancer Awareness Month, the Cancer Services Program (CSP) of Fulton, Montgomery and Schenectady counties would like to take this opportunity to remind your readers about the importance of getting screened for breast cancer. With regular screening, breast cancer is more likely to be detected at an earlier stage when treatment may be most successful. Simply stated, early detection can save lives, and regular screening is the key to early detection.The United States Preventive Task Force Services recommends women ages 50 to 74 years who are at average risk for breast cancer be screened with a mammogram every two years. However, according to data from the New York State Department of Health, there are populations of women who are less likely to have received a mammogram as recommended. These women are the uninsured and those without a regular health care provider.The CSP provides life-saving mammograms to eligible women without health insurance and can help them find a health care provider that they can see regularly. Since our program began, we have helped 2,500 women get screened for cancer in this region. Our program can also help enroll eligible women in the New York State Medicaid Cancer Treatment Program to receive treatment if cancer is found.About one in eight women will be diagnosed with breast cancer in her lifeThat means that one out of every eight of The Gazette’s female readers could be at risk for breast cancer. These women are wives, mothers, sisters and friends who are loved, needed, and whose lives matter.We help eligible, uninsured women get free mammograms, and we are here to encourage every woman to get their mammogram.If any woman needs help, call the CSP of Fulton, Montgomery and Schenectady Counties at 518-841-3726.Suzanne HagadornAmsterdamMore from The Daily Gazette:Foss: Should main downtown branch of the Schenectady County Public Library reopen?Three seniors who started as seventh-graders providing veteran experience for Amsterdam golfEDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Urgent: Today is the last day to complete the censuslast_img read more

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M’town Mosque Expansion on Aug. 15 Board Agenda

first_imgBy John BurtonMIDDLETOWN – The township Planning Board is expected on Wednesday, Aug. 15, to again address the application for expansion from the Islamic Society of Monmouth County.The board could render its decision that night, as representatives for the society had completed presenting their case and witnesses’ testimony when the matter was last heard on July 11.The Islamic Society of Monmouth County, 506 Red Hill Road, is seeking board permission to expand its parking lot by an additional 106 spaces, to construct an approximate 5,000 square-foot community center and a 19,000 square-foot plaza area on the roughly 7.5-acre property, bordering the township and Holmdel.The property currently contains a mosque, a guest house and office space.Sparked by concerns raised by some area residents, the board last month recommended the applicant amend the plan and encouraged the society to install additional landscaping and expand the buffer between its property and its residential neighbors.Board members had offered their opinions and permitted public questions and comments on the applications last month.The public will have another chance on Aug. 15 to express their views following the presentation of any changes in the plan, Board Attorney James Gorman said.last_img read more