Government

The Federal Reserve has voted to keep its key interest rate unchanged. But things may look a little different come 2018 . . .

Hensarling, who currently chairs the Financial Services Committee, announced on Tuesday that he will not seek re-election in 2018. Hensarling has long advocated replacing Dodd-Frank and has often gone been at odds with CFPB Director Richard Cordray.

While the agreement resolves the allegations and has a non-prosecution clause, the bank is look at 10 years without a profit.

New data shows mortgage rates reached new highs. See by how much in the most recent breakdown ...

The Senate Committee on Banking, Housing, and Urban Affairs met to hear testimony regarding the nomination of Brian Montgomery, as commissioner of the Federal Housing Administration—and declared the next steps to proceed with his confirmation.

Drilling down into enforcements of the False Claims Act, MBS reductions from the Fed, and updates to Freddie Mac’s credit transfer risk program, were detailed in a recent report.

On Tuesday evening, the debate around the Consumer Financial Protection Bureau’s final arbitration rule came to a head when the Senate voted to repeal it. See the reactions here to the razor-thin vote here . . .

According to the CFPB, authorized data-sharing allows companies to provide consumers with more efficient methods of healthy financial management. However, the Bureau also requires transparency and accountability when using sensitive financial data.

A recent report takes a look at typical complaints logged against student loan lenders. Included was being able to afford a mortgage. MReport explores the link between rising student debt and the struggle millennials have to become homeowners.

The House Financial Services Committee recently passed a number of regulatory relief bills that address alleviating regulatory burdens in the mortgage space. Take a look at the details of the bills here.