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Senate committee struggles to reach agreement on replacing Fannie Mae, Freddie Mac
Disagreements arise over regulatory powers and lending in disadvantaged communities, among other issues.
An initiative to dismantle and replace Fannie Mae and Freddie Mac in the Senate Banking Committee has stalled. Democrats on the 22-member Senate Banking Committee are divided on issues including lending in disadvantaged communities, big-bank dominance of the mortgage market and the powers of a new regulator.
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