Items Tagged with 'Dodd-Frank'

ARTICLES

  • CFPB considers ending public access to bank complaints

    “I don’t see anything in here that says I have to run a Yelp for financial services sponsored by the federal government," Mulvaney says
    A new report from the Wall Street Journal says the Consumer Financial Protection Bureau is considering ending the public's access to its complaints database for financial companies. “I don’t see anything in here that says I have to run a Yelp for financial services sponsored by the federal government,” Mulvaney told an audience at the American Bankers Association's conference while holding up a copy of the Dodd-Frank Act.
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  • Senate’s passage of Dodd-Frank reform: Needed relief or the beginning of the end?

    Experts disagree
    After the Senate passed its Dodd-Frank reform bill Wednesday night, sending it to the House to be voted on, experts began to voice their opinions of the bill – but no one agrees. While some experts claim this bill is a major step in the wrong direction, and puts the market at risk of another collapse such as that seen in 2007, others say it brings common sense regulatory relief.
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  • Realtors voice support for Dodd-Frank reform bill

    Urges Congress to pass S. 2155 into law
    As the Senate debates its latest regulatory relief bill, S. 2155, or the Economic Growth, Regulatory Relief and Consumer Protection Act, Realtors joined the conversation, urging the bill become law. NAR released a statement, giving its support and explaining the positive effects it says the bill will have on the housing industry.
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  • Senate postpones vote for Dodd-Frank reform bill

    Unable to agree on more than 100 amendments
    The Senate announced it would postpone the vote on its Dodd-Frank reform bill until sometime this week after it couldn’t agree on the bill’s more than 100 amendments. While the vote was originally expected last week, an onslaught of amendments from Republicans and Democrats alike forced the Senate to postpone the final vote as it votes on the amendments beginning early this week.
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  • Dodd-Frank replacement heads to Senate vote

    Bill holds 20 co-sponsors on both sides of the aisle
    The Senate passed a motion Thursday to send one of the biggest rewrites of the Dodd-Frank Act to the floor for a vote, which is expected sometime next week. The bill contains policies which would roll back or eliminate key parts from the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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  • New housing voices on Capitol Hill will reshape industry’s future

    New faces in Washington mean change is coming
    [Op-Ed] What we all knew would happen has finally happened — the director of the Consumer Financial Protection Bureau, Richard Cordray, has stepped down and has been replaced with a person more aligned with the current administration. It’s what always happens when there’s a change of power. But Cordray’s replacement is just one of several new voices on Capitol Hill that are about to reshape housing policy as we know it.
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  • Part 2: Everything you need to know about entering the mortgage finance market

    Post Dodd-Frank overview of regulated residential mortgage lending
    An increasing number of nonbank financial participants are considering an entry or reentry into the mortgage finance market as the financial crisis, which commenced a decade ago, starts to recede from view. As more companies continue to consider entering mortgage finance, here’s everything they need to know about the market, and the regulators that govern it.
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  • Part 1: Everything you need to know about entering the mortgage finance market

    Post Dodd-Frank overview of regulated residential mortgage lending
    An increasing number of nonbank financial participants are considering an entry or reentry into the mortgage finance market as the financial crisis, which commenced a decade ago, starts to recede from view. As more companies continue to consider entering mortgage finance, here’s everything they need to know about the market, and the regulators that govern it.
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  • From HW Magazine

    On thin ice: expanded HMDA reporting represents new risks for lenders

    New fields and more uncertainty make compliance tricky
    Compared to the sound and fury surrounding TRID, when it seemed every other conversation or article was counting down the days until the deadline, the industry’s anticipation and preparation for HMDA changes seems eerily calm. It’s possible that after a decade of adjusting to multiple business-changing regulations, lenders and other mortgage companies have become adept at incorporating new requirements into their processes. It’s also possible they have compliance fatigue. Either way, the updated HMDA reporting requirements represent a new set of risks that lenders need to pay attention to.
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