Items Tagged with 'Treasury Department'

ARTICLES

  • Trump administration unveils new rules for Opportunity Zones

    Proposed regulations meant to provide clarity around new investment opportunities
    Aiming to answer some of the lingering questions surrounding Opportunity Zones, the Department of the Treasury late last week unveiled a number of new rules and regulations designed to provide clarity to investors on the tax implications of investing in the newly designated areas. Here's a look at the new rules.
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  • Trump administration wants to make it easier to save for retirement

    Executive order seeks to strengthen retirement security
    Americans have not saved enough for retirement, and it’s a problem that some are calling a looming crisis as the population continues to age. President Donald Trump addressed the issue today, signing an executive order that would expand access to retirement savings plans for American workers.
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  • Trump administration calls for sweeping changes to financial ecosystem

    “Regulatory sandboxes,” eMortgages, online notarization, automated appraisals, more
    The Trump administration on Tuesday called for a series of changes to the country’s financial and mortgage ecosystems that, if enacted, would supercharge the financial industry’s technological revolution, upend the current regulatory environment, and potentially change the face of mortgage lending.
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  • Former Treasury official David Dworkin joins National Housing Conference as CEO

    Most recently served as a senior housing policy advisor at Treasury
    The National Housing Conference, a nonprofit fair housing advocate, announced this week it hired David Dworkin to serve as the organization’s new president and CEO. Dworkin comes to NHC from the Department of the Treasury, where he most recently served as a senior housing policy advisor in the Office of Domestic Finance.
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  • Treasury calls for HUD to “reconsider” use of disparate impact rule

    Third financial reform report questions rule’s effect on insurance industry
    The Department of the Treasury released its third of four reports that call for sweeping financial reform. The reports come at the direction of President Donald Trump, who signed an executive order in February directing Treasury Secretary Steven Mnuchin to examine the nation’s financial laws. The report focuses on asset management and insurance, and while most of the report deals with issues outside of housing, there is one piece that touches on an item of note for the housing industry – disparate impact.
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  • Treasury: Gut CFPB, overhaul residential mortgage lending regulation

    Here's what the Executive Branch can execute in the financial market
    Treasury Secretary Steven Mnuchin unveiled the much-anticipated report on the department's assessment of the financial regulatory system as ordered by President Donald Trump earlier this year. The 150-page report breaks down where the new administration wants to see major changes. So what are the big areas of focus? The Consumer Financial Protection Bureau and residential mortgage lending, to start.
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  • Banks petition Mnuchin for help in fighting new loan rule

    Say it could make borrowing more expensive
    A new rule from the Financial Accounting Standards Board is set to take effect in 2019, but some regional banks are fighting back. In fact, they even sent a letter to Treasury Secretary Steven Mnuchin, asking him to review the rule and explaining it could make borrowing more expensive.
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  • Mnuchin declares support for Republican Dodd-Frank replacement

    Mnuchin: The existing regulatory system is limiting our economy
    The Financial CHOICE Act, the Republican-crafted replacement for the Dodd-Frank Wall Street Reform and Consumer Protection Act, took its first official steps towards becoming law on Wednesday. And as the bill moves through the legislative process, it will do so with the support of Steven Mnuchin, the secretary of the Department of the Treasury.
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