The U.S. House Financial Services Committee should play a leading role in overseeing the adoption of artificial intelligence (AI) in the nation’s financial services and housing industries, according...
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Final guidance was issued last week by federal regulatory agencies that addresses reconsiderations of value (ROVs) for residential real estate transactions. The guidance advises on policies and pr...
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A dozen U.S. senators from both sides of the aisle recently proposed legislation that would make several improvements to the nation’s unemployment insurance system to combat fraud and improve access...
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A final rule issued on July 17 by six federal regulatory agencies will implement quality control standards for automated valuation models (AVMs) that are used by mortgage originators and secondary mar...
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The U.S. Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) have made resources available to financial services firms on best practices for secure cloud adoption...
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The Consumer Financial Protection Bureau (CFPB) has proposed an interpretive rule explaining that many paycheck advance products are consumer loans subject to the Truth in Lending Act. The guidanc...
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Financial technology company Aven received a $142 million series D round of funding for its new credit card product. Aven, founded in 2019 by Sadi Khan, Collin Wikman, and Murtada Shah, is developing...
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The Consumer Financial Protection Bureau (CFPB) recently took two actions against Cleveland-headquartered Fifth Third Bank to settle both the bureau’s investigation into the bank’s auto insurance ...
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U.S. President Joe Biden announced plans this week that seeks to lower housing costs, create more affordable housing, and control the cost of rent. The Biden-Harris Housing Plan would build 2 milli...
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The Conference of State Bank Supervisors (CSBS) and the National Association of State Credit Union Supervisors (NASCUS) are urging the Federal Housing Finance Agency (FHFA) not to make any changes to ...
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