WASHINGTON The Senate Banking Committee approved legislation Tuesday that would provided funding for community development lenders and give banks a small victory in their quest for regulatory relief.

The bill, which now goes to the Senate floor, also includes a measure sponsored by Sen. Alfonse M. D'Amato, R-N.Y., designed to spur creation of a secondary market in small-business loans. Another provision attempts to limit abuses in the home equity loan market.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.