The Mortgage Bankers Association (MBA) voiced its support for the Federal Housing Administration’s (FHA) adoption of new loss mitigation safeguards. In January, HUD published a new permanent set ...
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The recent acquisition of Lewis and Clark bank by Maps Credit Union has renewed calls from the Independent Community Bankers of America (ICBA) to end the federal tax-exempt status of credit unions. ...
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Federal regulators have paused certain appraisal requirements for real estate-related transactions in Los Angeles County due to wildfires. This step was taken to help facilitate recovery efforts fr...
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S&P Global and CME Group sold its joint venture, OSTTRA, to private equity firm KKR in a deal valued at $3.1 billion. OSTTRA is a leading provider of post-trade solutions for the global OTC market...
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A bipartisan group of Congress members, led by U.S. Rep. Lloyd Smucker (R-PA), has introduced legislation that seeks to protect seniors who enroll in Medicare Part B after their COBRA coverage ends. ...
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U.S. Sens. Elizabeth Warren (D-MA) and Raphael Warnock (D-GA) are raising concerns about what they call the Trump Administration’s escalating efforts to dismantle the nation’s independent economic...
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U.S. Sen. Tim Scott (R-SC) introduced legislation that seeks to expand credit access for Americans with limited or non-existent credit histories. The Credit Access and Inclusion Act, S. 1465, would a...
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U.S. Sen. John Kennedy (R-LA) and U.S. Rep. Andy Barr (R-KY) introduced a joint resolution of disapproval to nullify a final rule issued by the Office of the Comptroller of the Currency (OCC) related ...
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U.S. Sens. Jack Reed (D-RI) and Bill Hagerty (R-TN) introduced legislation that seeks to reduce spam calls, texts, and emails from irresponsible players in the mortgage industry. The Homebuyers Priva...
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The U.S. House of Representatives passed a continued resolution to overturn the Consumer Financial Protection Bureau’s (CFPB) final rule on overdraft fees. The resolution passed the Senate last ...
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U.S. Reps. Andy Barr (R-KY) and Ritchie Torres (D-NY) introduced legislation that would prohibit federal banking regulators from using “reputational risk” as a justification to deny financial serv...
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Caroline Pham, acting chair of the Commodity Futures Trading Commission (CFTC), praised a new policy by the Justice Department policy that ends the practice of regulation by prosecution in the digital...
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U.S. Rep. French Hill (R-AR) introduced a bill this week that would update the contribution rules for Health Savings Accounts (HAS). The HSA Spouse Catch-Up Act, cosponsored by Rep. Greg Steube (R...
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There was a notable cooling in the growth of home prices in March, according to the latest ICE Home Price Index (HPI), produced by the Intercontinental Exchange. Data shows that annual home price ...
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Banking customers are overwhelmingly pleased with their banks according to a new survey conducted by Morning Consult for the American Bankers Association (ABA). The survey found that 89 percent of ...
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The U.S. Department of Housing and Urban Development (HUD) has informed grantees and stakeholders that federal housing assistance will no longer be granted to illegal aliens or sanctuary cities. H...
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The Commodity Futures Trading Commission (CFTC) has tapped Rahul Varma to serve as the acting director of the Division of Market Oversight (DMO). “Rahul has ably served the CFTC for more than a d...
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A bill that would prevent the Federal Reserve from issuing a central bank digital currency (CBDC) was passed out of the House Financial Services Committee last week. The Anti-CBDC Surveillance Stat...
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Several Democratic members of Congress raised concerns about the economic impact of the extending the 2017 tax law passed during President Donald Trump’s first term. Citing an estimate from the J...
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The Securities and Exchange Commission (SEC) has charged three individuals with creating false documents for investors. The charges were filed against Randall “Randy” Miller, Chad Miller, and J...
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