NACA Opposes Senate Bill That Would Weaken Home Loan Protections

NACA  submitted a letter to the U.S. Senate Banking Committee to urge opposition to S. 2155, the “Economic Growth, Regulatory Relief, and Consumer Protection Act.” The financial marketplace does not need this so-called “regulatory relief” legislation. The bill overall would weaken protections for homeowners and expand the scope of risky activity for big banks and lenders to engage in at the expense of American consumers and the economy.