Everything you need to know about the Johnson-Crapo bill. Also, Federal Reserve Chair Janet Yellen could have a trick up her sleeve for this week's FOMC meeting. Plus, what's the real reason the stock market tanked last week?
A bipartistan bill introduced by Sen. Elizabeth Warren, D-Mass., aims to bring hidden financial information tied to big banking settlements into the light. Sen.Tom Coburn, R-Okla., is Warren's co-sponsor on the bill.
Now, the budget is moving on to the presidential office where President Obama is expected to sign it, based on prior indications of support. The signature of the president will ensure another government shutdown is averted.
“Nearly every part of the real estate process has been transformed by technology except for home financing. Getting a mortgage is still manual, frustrating and confusing,” said Nick Stamos, CEO and founder of Sindeo..
Legacy insurers are headed toward solid ground, with some experiencing their first full year of profitability since the housing crash. New entrants, meanwhile, are raising capital, entering the fray and gaining market share. Read More
First, I’m not suggesting totally yanking FICO or Vantage Scores or anything like that. What I am recommending is the adoption of other models that would equally, or even more effectively, determine who can repay a loan. Read More