The Consumer Financial Protection Bureau (CFPB) put out a Request for Information (RFI) on the bureau’s guidance and implementation support. The CFPB is seeking feedback from the public to help ...
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Starting June 3, 2019, Fannie Mae and Freddie Mac will issue new Uniform Mortgage-Backed Securities (UMBS), replacing their current offerings of TBA-eligible mortgage-backed securities. The new U...
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A group of 41 U.S. senators recently urging the Consumer Financial Protection Bureau (CFPB) not to undermine or repeal the CFPB’s payday lending rule. The rule is designed to rein in predatory b...
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The National Association of Insurance and Financial Advisors (NAIFA) will soon launch an endeavor designed to equip agents and advisors with resources regarding long term care (LTC). Officials said...
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The Association of Independent Mortgage Experts (AIME) appointed this week John L. Councilman as the senior vice president of legislative and government affairs. The new organization, which was est...
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The Securities and Exchange Commission (SEC) leveled charges against Wedbush Securities for ignoring numerous red flags that one of its employees was involved in a long-running “pump-and-dump” sch...
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A study conducted by LendingTree, the nation's leading online loan marketplace recently determined while a prior bankruptcy filing makes it more expensive to borrow, it is not impossible to qualify fo...
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Reps. Lynn Jenkins (R-KS) and John Lewis (D-GA) released a draft bill this week designed to examine ways to redesign the Internal Revenue Service (IRS). The discussion draft, titled “The Taxpayer...
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The Mortgage Industry Standards Maintenance Organization (MISMO) is looking for mortgage industry professionals to provide input for a new workgroup that will focus on ensuring that digital loan docum...
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Recently released survey results determined consumers feel companies have lost touch with the human element of the customer experience and desire more interaction. PricewaterhouseCoopers (PwC) off...
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The U.S. Government Accountability Office (GAO) made several recommendations to improve interagency coordination on financial technology, or fintech, companies and their products. Fintech products ...
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A measure to help public servant pay off their federal loans through the Public Service Loan Forgiveness (PSLF) program was signed into law as part of the Omnibus bill Friday. The PSLF Technical Co...
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The Property Casualty Insurers Association of America (PCI) is supporting a Nebraska bill designed to protect consumers by requiring disclosures in assigning roofing contract benefits. PCI official...
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Sen. Ben Cardin (D-MD), ranking member of the U.S. Senate Committee on Small Business & Entrepreneurship, voiced his support for plans to restore funding for the Small Business Administration (SBA) in...
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Congress passed a $1.3 trillion spending bill last week, to fund the government through September and in an attempt to avoid another government shutdown. The National Association of Federally Insu...
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House Financial Services Committee Chairman Jeb Hensarling (R-TX) is espousing the benefits of two pro-growth reform bills included in the omnibus spending package. Hensarling offered praise for H....
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Legislation to put U.S. companies on equal footing with European counterparts when trading derivatives was approved by the House Financial Services Committee this week. The Derivatives Fairness Act...
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The House Financial Services Committee advanced a bill this week to increase the asset threshold from $1 billion to $3 billion for banks eligible for 18-month on-site examination cycles. Currently,...
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The recently released Commercial / Multifamily Mortgage Debt Outstanding report revealed debt outstanding at the end of 2017 was $3.18 trillion, a rise of 6.7 percent from 2016. “Commercial and m...
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The Subcommittee on Terrorism and Illicit Finance spearheaded a recent meeting designed to address transnational criminal organizations (TCOs) and their relationship to terrorists, the international e...
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