Trump signs executive order to facilitate more mortgage lending from small banks
U.S. President Donald Trump signed an executive order recently that directs the Consumer Financial Protection Bureau (CFPB) to appropriately tailor mortgage rules to help enable smaller banks to facilitate more affordable lending. The order calls for federal banking regulators to revise supervisory guidance to focus on prudent underwriting, rather than overly technical process-oriented approaches to lending. It also supports construction lending by community banks. Specifically, the order ...
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