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  • Wells Fargo reaches $110 million class action settlement over fake accounts

    The fallout from Wells Fargo's fake account fiasco is far from over, as the bank announced late Tuesday that it reached a $110 million settlement in a class action lawsuit brought on behalf of the bank’s customers who had a fake account opened in their name. Click the headline to read more about the settlement.

Items Tagged with 'Corker-Warner'

ARTICLES

Sen. Corker pulls name from Trump VP shortlist

Leading Congressional voice on housing reform won't join presidential race
One of the leading voices in Congress on housing finance reform will not be lending his voice to the coming presidential race, at least not in an official capacity, as Sen. Bob Corker, R-Tenn, announced Wednesday that he is removing himself from consideration to serve as the vice presidential candidate under presumptive Republican nominee Donald Trump.
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Stegman: White House will not consider recap and release of GSEs

“Comprehensive housing finance reform is the only way forward”
The White House’s senior policy advisor for housing says that there’s no way the administration will support any form of recapitalization and release from conservatorship for Fannie Mae and Freddie Mac, and that only comprehensive housing policy reform is acceptable.
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The top 10 critical issues facing GSE reform

Urban Institute: Reform in limbo
Almost six years into conservatorship and barely any progress has been made to reform Fannie Mae and Freddie Mac or create a new housing system. But before reform can even happen, the Urban Institute said these 10 design issues need to be addressed.
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Here's the reaction to the latest Fannie, Freddie reform proposal

Waters' plan joins three others already in consideration
With the release of GSE reform legislation from Representative Maxine Waters, there are now four different proposals to wind down Fannie and Freddie and create a new mortgage market structure in the U.S. But have we reached the saturation point of GSE reform proposals?
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3 dangers housing finance faces in 2014

Ambiguous, complex, and inconsistent enforcment ahead
When a law's effect is determined by how it is enforced, and when there's a new model of regulation by people who don't understand what they're regulating — that's not a good place to be.
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