A new study released by researchers at the University of Texas found financial technology (fintech) company lenders participating in the recent Paycheck Protection Program (PPP) had a higher rate of q...
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A Greenlining Institute report maintains fintech (financial technology) lenders should be subjected to the same rules as banks in the wake of dominating the nation's home mortgage market. Per the a...
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U.S. Sen. Ron Wyden (D-OR) is espousing the benefits of the Decent, Affordable, Safe Housing for All (DASH) Act, designed to address homelessness and ensure affordable housing. The measure seeks to...
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The Consumer Financial Protection Bureau (CFPB) filed a settlement to resolve a lawsuit against a debt collection company and its owner. In the suit, the CFPB alleges that Fair Collections & Outso...
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The Federal Deposit Insurance Corporation (FDIC) launched a new initiative designed to help determine how well banks can withstand a major disruption of any type. This initiative, called a tech sp...
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ICE Mortgage Technology recently introduced an enhanced version of its Encompass platform to aid the efforts of mortgage lenders and correspondent investors. Encompass 21.2 supports the recently up...
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FINRA, the Financial Industry Regulatory Authority, released a new report that seeks to better understand the implications of cloud computing on the securities industry. The report, Cloud Computin...
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Two House Republican leaders are calling on the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a joint Working Group on Digital Assets. U....
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The U.S. Department of the Treasury released Monday Fossil Fuel Energy Guidance for Multilateral Development Banks (MDBs), advocating MDB investments prioritizing clean energy, innovation, and energy ...
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National Association of Insurance and Financial Advisors (NAIFA) officials said the organization has partnered with WebCE to craft an academic agreement beneficial to insurance and financial advisors....
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The Federal Housing Finance Agency (FHFA) released the results of its annual stress tests for Fannie Mae and Freddie Mac. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, regula...
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The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) placed sanctions on two Cuban individuals and one Cuban entity. The sanctions are pursuant to Executive Order 13818, which i...
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The U.S. Department of the Treasury and the Internal Revenue Service (IRS) recently announced that more than $15 billion has been paid to families through the Child Tax Credit (CTC) second monthly pay...
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The Consumer Financial Protection Bureau's (CFPB) Credit Union Advisory Council (CUAC) recently joined the Community Bank Advisory Council (CBAC) in examining post-pandemic mortgage trends and student...
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Consumer prices rose 0.5 percent in July on a seasonally adjusted basis, according to the Bureau of Labor Statistics (BLS). BLS reported that the overall consumer price index (CPI) grew 5.3 percent...
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A new report from the Mortgage Bankers Association (MBA) projects a significant increase in commercial and multifamily loan activity in 2021. Specifically, the report anticipates that commercial a...
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The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) recently established a collaboration to advance fair housing and lending enforcement initiative...
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Federal Deposit Insurance Corporation (FDIC) officials said eight teams have been selected to participate in an endeavor they said seeks to aid banks in meeting the needs of unbanked consumers. The...
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The U.S. Senate rejected an amendment this week that sought to block new proposed tax reporting requirements on financial institutions from being in the 2022 Budget Resolution. The amendment, offe...
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U.S. Rep. Don Beyer (D-VA), the chair of the Congressional Joint Economic Committee (JEC), is calling for “bold investments” that address climate change following the Intergovernmental Panel on Cl...
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