A group of insurance trade associations, including the American Land Title Association, wrote to a House subcommittee in support of H.R. 3746, the Business of Insurance Regulatory Reform Act of 2017.
The bill, which was discussed by the Financial Services Subcommittee on Financial Institutions and Consumer Credit in a recent hearing, would clarify the extent to which the Consumer Financial Protection Bureau has authority over the insurance industry.
Read on for more about the language of the bipartisan bill and the associations’ letter in support.
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