Summary
Officials have called for combining regulatory agencies, developing stronger federal oversight of the mortgage industry and handing the Federal Reserve more power to monitor major financial players. Federal standards are needed, in part, to ensure loan originators at banks are covered, said Topa and George Hanzimanolis, president of the National Association of Mortgage Brokers, an industry trade group.
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Extract
Local Bankers, Brokers React to Treasury's 'Blueprint'
The possibility of sweeping change in regulating the national economy and the financial-services sector is drawing a dash of hope and a pound skepticism from observers in northeastern Pennsylvania.
Local observers hope the proposed changes will ...See the full content of this document
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