DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
A bill introduced in the U.S. Congress would require mortgage lenders to consider cryptocurrency holdings when evaluating loan applications. The legislation, identified as H.R.4374 and introduced by Representative Nancy Mace, mandates that lenders factor in verified cryptocurrency balances held in brokerage accounts linked to regulated U.S. exchanges during the mortgage credit evaluation process. This measure aims to update mortgage lending rules to include digital assets such as Bitcoin and other cryptocurrencies, potentially impacting how creditworthiness is assessed for mortgage applicants.
NEW: 🇺🇸 A bill requiring lenders to consider cryptocurrency holdings during the mortgage credit evaluation process has been introduced in Congress. https://t.co/gHgwAuZAHY
U.S. BILL SEEKS TO INCLUDE CRYPTO HOLDINGS IN MORTGAGE CREDIT EVALUATIONS A new bill introduced in Congress would require mortgage lenders to consider verified cryptocurrency balances held on regulated U.S. exchanges during the loan evaluation process. The move could ease https://t.co/m82zgZ38kD https://t.co/vghXgDUYn5
🇺🇸 TODAY: A bill requiring lenders to consider cryptocurrency holdings during the mortgage credit evaluation process has been introduced in Congress. https://t.co/kMl3vF4tQu
