According to the Mortgage Bankers Association (MBA), total commercial and multifamily mortgage borrowing and lending is expected to fall by nearly 50 percent this year. The association said borrow...
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U.S. Rep. French Hill (R-AR) introduced legislation in the House that would prohibit the Federal Reserve from transferring its earnings to the Consumer Financial Protection Bureau (CFPB) if the centra...
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U.S. Sens. Sherrod Brown (D-OH) and Mike Braun (R-IN) introduced legislation last week that seeks to help inform veteran homebuyers of their eligibility for the VA Home Loan Program. The VA Home Lo...
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On Friday, the Consumer Financial Protection Bureau (CFPB) announced it had proposed a rule that would accelerate the shift toward open banking. The Personal Financial Data Rights rule would activ...
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Applications for the federal Low-Income Communities Bonus Credit program for certain clean energy projects are now open. This groundbreaking program provides a 10 or 20-percentage point boost to th...
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The U.S. Senate passed a resolution that seeks to block the Consumer Financial Protection Bureau’s (CFPB) small business data collection rule. The rule requires covered financial institutions to...
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The Securities and Exchange Commission (SEC) proposed a new rule this week that would prohibit national securities exchanges from offering volume-based transaction pricing in certain cases. The pro...
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The Internal Revenue Service (IRS) released new details about its Direct File pilot program for the 2024 filing season. The 2024 Direct File pilot, a new service that will provide taxpayers with th...
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A group of Republicans on the House Financial Services Committee are seeking details from the Federal Reserve on an Aug. 30 leak of nonpublic confidential supervisory information (CSI) involving multi...
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On Monday, U.S. Sen. Tim Scott (R-SC) led a coalition of Banking Committee Republican who called on the Federal Housing Finance Agency (FHFA) to implement reforms in credit scoring models. Scott, ...
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