{"database": "press", "table": "releases", "rows": [["https://hanabusa.house.gov/media-center/press-releases/congresswoman-hanabusa-votes-reduce-loan-servicing-costs-community", "Congresswoman Hanabusa Votes To Reduce Loan Servicing Costs For Community Lending Institutions", "2017-12-13", "2017", "2017-12", "Democrat", "House", "HI", "Colleen Hanabusa", "H001050", "hanabusa.house.gov", null, null, "legacy", "Washington, D.C. \u2013 Congresswoman Colleen Hanabusa voted in favor of a measure to help reduce loan servicing costs for small community lenders by easing mortgage rules. \nThe Community Institution Mortgage Relief Act, H.R. 3971, passed the House by a vote of 294-129 yesterday. \nThe bipartisan bill, introduced by Congresswoman Claudia Tenney, is intended to assist small community financial institutions by rolling back escrow regulations that have significantly increased the cost of servicing loans, particularly for those borrowers with low-income.\u00a0 The bill does not prohibit community banks from providing escrow services.\nUnder current law, the Truth in Lending Act, as amended by the Dodd-Frank Act, requires creditors to establish and hold escrow accounts on mortgage loans, a costly requirement that can burden small community-based institutions.\u00a0\u00a0 \n\u201cCommunity lending institutions, including those in Hawaii with smaller staffs and significantly less resources than larger financial institutions, have sought relief from costly escrow regulations.\u00a0\u00a0 Mandating a one-size-fits-all policy that requires all institutions follow similar escrow requirements only raises the cost of credit for borrowers who can least afford it and negatively impacts small businesses and consumers who look to community lending institutions for capital,\u201d said Congresswoman Colleen Hanabusa.\nH.R. 3971 was supported by:\n The New York Credit Union Association\n\tIndependent Community Bankers Association\n\tNational Association of Federal Credit Unions\n\tCredit Union National Association\n\tAmerican Bankers Association\n\tMortgage Bankers Association\n \u00a0\n###", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://hanabusa.house.gov/media-center/press-releases/congresswoman-hanabusa-votes-reduce-loan-servicing-costs-community"], "units": {}, "query_ms": 1.4171600341796875, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}