Tag Archives: Congress

A report quantifying the incremental burden of financial institutions to keep up with regulation changes, revealed historically low regulatory activities in Q12018. Here’s what that means for mortgage lenders.

All eyes were on the Senate Tuesday afternoon as it took up discussion of the Economic Growth, Regulatory Relief, and Consumer Protection Act, a bipartisan bill that would ...

On Tuesday, Federal Reserve Chairman Jerome Powell made his first appearance before Congress since being sworn into the role. Remarking on the strengthening U.S. economy, Powell told Congress that “some ...

On Wednesday evening, the House passed two regulatory relief bills are aimed at benefiting both consumers and lenders. The TRID Improvement Act of 2017 is aimed at modifying ...

he first in a three-part series of reports examines the importance of the mortgage industry to the overall health of the housing market and makes a case for policy reforms in this sector, in the light of the housing finance reform legislation that’s once again in the works in Congress.

On Thursday the House passed its tax reform plan with a narrower margin than expected. That same evening, just hours after the House passed their plan, the Senate Finance Committee voted along party lines, 14-12, to forward the proposal on to the full Senate.

Arbitration can be looked at in two ways when it comes to the Consumer Financial Protection Bureau’s (CFPB) recent rule. In the way the CFPB looks at it, they are helping the consumer, but many Senators think differently. See what they’re saying and what they’re doing about it here.

The House of Representatives has amended HR 1694, extending the nine exemptions of the Freedom of Information Act to Fannie Mae and Freddie Mac. The amendment was sponsored by Rep. Hank Johnson (D-Georgia). Passed in April, HR 1694 requires the GSEs to adhere to the FOIA, something they've never had to do since entering conservatorship in 2008.

Throughout his hour-long speech, the president spoke of many changes and plans he had to “make America great again”—perhaps the most important of which to mortgage professionals were his comments regarding regulation.