AP, via The Washington Post, reports that President Obama is threatening to veto two bills that, he says, would undermine the Dodd-Frank financial reforms. "One of the bills would exempt some borrowing fees from an existing law aimed at protecting consumers. The second bill would undo a provision in Dodd-Frank that categorized some loans for mobile homes as high-cost, triggering additional protections to make sure borrowers can afford them."
The full (but short) article is here.
