On May 24, 2018, the President signed the Economic Growth, Regulatory Relief, and Consumer Protection Act into law. A product of rare bipartisanship, the Regulatory Relief Act makes modest reforms to the Dodd–Frank Wall Street Reform and Consumer Protection Act to provide regulatory relief to the financial services industry while including certain provisions aimed at increasing consumer protection. Although the Regulatory Relief Act contains a number of provisions addressing various issues that the financial services industry has raised since the enactment of Dodd–Frank, there are key provisions of the Act that are likely to impact mortgage servicers.
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