The House-Senate conference committee negotiating the financial reform bill rejected two amendments Monday that would have expanded consumer protections on bank sales of insurance.

One amendment, sponsored by Reps. Spencer Bachus, R-Ala., and Bill McCollum, R-Fla., would have let state consumer protection laws apply to title insurance sold by national banks or their subsidiaries. House conferees approved the provision by voice vote, but their Senate counterparts defeated it, 9 to 8.

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.