Consumer Bankruptcies Rise From Year Earlier

A bill that would reduce regulation for smaller financial institutions and make it easier for consumers to get mortgages has been passed by a key Senate committee.

The Economic Growth, Regulatory Relief and Consumer Protection Act was passed Tuesday by the Senate Banking Committee.

About 30 large financial institutions would be exempted from stricter oversight put in place by the Dodd-Frank Wall Street Reform and Consumer Protection of 2010.

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From:: Financing