The Senate passed a bill on Wednesday that aims to ease banking regulations, potentially making it easier for consumers to get a mortgage from a community bank or credit union.

With some bipartisan support, lawmakers' approval of S. 2155 was expected. The bill rolls back various banking regulations put in place via the Dodd-Frank Act of 2010 following the mortgage crisis that roiled the U.S. economy a decade ago.

The Senate bill now heads to the House, where it could face less support as written. Last year, House lawmakers passed a measure that went much further in its rewrite of Dodd-Frank. Basically, the two chambers would need to agree on a version of the bill before it could be sent to President Trump and signed into law.

In simple terms, one of the Senate bill's provisions would let smaller institutions — those with up to $10 billion in assets — offer mortgages that are not subject to some of the strictest federal underwriting requirements, as long as they meet certain other conditions.

"Where it likely will make a bigger difference is in rural areas, where big lenders don't necessarily operate," said Richard Andreano, a partner with law firm Ballard Spahr in Washington and head of its mortgage banking group. "It can be harder to get a mortgage in those places."

Direct download: Debbie_Bloyd_16.Apr.18.mp3
Category:general -- posted at: 4:30pm EST

Thomas a member of the FSN community asked us a question about the viability and future of the US Dollar. While the dollar might be the best looking horse in the glue factory, it's still headed for the glue pot of history. If all fiat currencies are going down, you need to look elsewhere to protect your wealth and your future. 

Direct download: John_Rubino_16.Apr.18.mp3
Category:general -- posted at: 4:27pm EST

It's been a while since Mike Gazzola was on the show. But he hasn't been sitting around waiting for something to happen. He's been investing in his courses an expanding his online selling knowledge base. Amazon and other online selling sites keep evolving and moving forward. What worked a year ago may be useless today. That's why you always need to stay on top of the latest trends and technology so you don't get left behind. Over 1000 students have taken Mike's training so far, but he's got plenty more to give. Take a look at his latest offerings. 

Direct download: Mike_Gazzola_16.Apr.18.mp3
Category:general -- posted at: 3:26pm EST

Gerald is outraged. Why are we attacking Syria? Why was it done on Friday, other than to avoid a hit to the markets. And it seems to have worked. But are conventional weapons really more humane than chemical weapons? Gerald thinks not. It's amazing that we're in this situation. Gerald doesn't believe we're heading for a crash, at least not now. But the underlying economy is not so swell. It's weaknesses will become more apparent as we go along. Will that cause the Fed to pause interest rate hikes? 

Direct download: Gerald_Celente_16.Apr.18.mp3
Category:general -- posted at: 1:18pm EST

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