The U.S. House passed a bill Thursday supported by credit union trade groups that would make it easier for credit unions to sell title insurance and other services along with mortgages they originate.
The Mortgage Choice Act (H.R. 1153) passed by a 280-131 vote. Voting yes were 228 Republicans and 52 Democrats. All those voting no were Democrats. It now goes to the Senate.
The bill was one of several the House Financial Services Committee approved last November as part of its plan to break Chairman Jeb Hensarling's (R-Texas) Financial CHOICE Act into smaller pieces to make it more palatable to the Senate
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
