Items Tagged with 'Dodd-Frank'

ARTICLES

  • 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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  • Lawyers side with Trump in battle over CFPB leadership

    Protesters still plan to gather
    In the latest development to the CFPB power struggle, lawyers sided with President Donald Trump and his appointment for acting CFPB director. But the battle is far from over. Protestors, including Sen. Elizabeth Warren, D-Mass., announced their plans to gather tomorrow, demanding Trump’s acting director step down.
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  • Happy Birthday Dodd-Frank: The Big Banks learned nothing

    Calls to reform reform lack lessons from history
    [Commentary] Dodd-Frank financial reform aimed to prevent a repeat of the supposed business practices that brought the global economy to a crashing halt. And the advent of the CFPB is meant to enforce that order. However, more than half a decade into its enactment, calls to reform the act are stronger than ever, albeit from predictable sources.
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  • Trump talks Dodd-Frank: We’re going to cut regulations tremendously

    Trump discusses regulatory rollback in wide-ranging New York Times interview
    In an expansive, wide-ranging interview with the New York Times, President Donald Trump stated that he would not have selected Jeff Sessions to serve as attorney general if he knew that Sessions would recuse himself from the investigation into Trump's suspected ties to Russia. And while that proclamation seems to be grabbing all the headlines, Trump also discussed a number of other issues, including his administration's push to roll back Dodd-Frank and the administration's efforts to cut regulations "tremendously."
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  • Acting comptroller of the currency: Here are ways to reduce regulatory burden

    It’s a good time to take stock of our financial system
    Still fresh in the position of Acting Comptroller of the Currency, Keith Noreika is already making moves to promote economic growth. In his testimony before the Senate Committee on Banking, Housing, and Urban Affairs on Thursday, Noreika discussed his ideas on how to reduce regulatory burden.
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  • Federal Reserve: All banks passed stress tests again

    Largest banks in U.S. have enough capital on hand to survive “severe recession”
    On Thursday, the Federal Reserve announced the results of the annual stress testing, which showed that all 34 participating financial institutions are adequately capitalized and could withstand a "severe recession." It's the second year in a row that all of the participating banks passed the stress test.
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  • Housing industry's largest trade groups want CFPB director replaced by bipartisan commission

    MBA, NAR, ALTA, ABA, NAFCU, others ask Congress for changes to CFPB
    More than 20 of the housing industry’s largest trade groups are calling on Congress to enact legislation that would change the leadership structure of the Consumer Financial Protection Bureau from a single director to a bipartisan commission. The groups say that a bipartisan commission would help provide a "balanced" approach to financial regulation and supervision.
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