How the banking rule rollback will affect your mortgage, credit and more

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How the banking rule rollback will affect your mortgage, credit and more

How the banking rule rollback will affect your mortgage, credit and more

CNBC-

Legislation that eases banking regulations — and modifies rules governing credit reports and some consumer loans — was signed into law by President Donald Trump on Thursday.

The bill, which was approved by the Senate in March, passed the House on Tuesday by a vote of 258 to 159.

The measure rolls back some of the regulations imposed by the Dodd-Frank Act of 2010. That legislation came on the heels of the financial meltdown that rocked the U.S. economy a decade ago, when risky and unaffordable mortgages contributed to millions of homeowners losing their houses to foreclosure.

[CNBC]

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