Items Tagged with 'Treasury Secretary'

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  • Former Treasury Secretary Jacob Lew joins private equity firm

    Becomes partner at Lindsay Goldberg
    Former Department of the Treasury Secretary Jacob Lew is returning to the private sector. Lew, who served as Treasury secretary from 2013 through end of the Obama administration earlier this year, is joining Lindsay Goldberg, a private investment firm, as a partner.
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  • Monday Morning Cup of Coffee: Is the way the CFPB handles enforcement about to change?

    Nevada senators urge mortgage relief for Las Vegas victims
    Every day, it seems there’s a new rumor surrounding the apparently looming departure of Consumer Financial Protection Bureau Director Richard Cordray. But regardless of what happens to Cordray, the way the CFPB handles enforcement could be changing as we speak. Plus, the senators from Nevada call on the mortgage business to grant relief to victims of the Las Vegas shooting. All that, and more, in your Monday Morning Cup of Coffee.
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  • President Trump signs Hurricane Harvey relief bill

    Bill passed with “extraordinary bipartisan support”
    President Donald Trump signed H.R. 601 on Friday, which granted relief to victims of Hurricane Harvey. U.S. Treasury Secretary Steven Mnuchin issued a statement Monday, supporting the decision and applauding the bipartisan support in creating the bill.
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  • Mnuchin reiterates Mortgage Interest Tax Deduction to stay put in Trump administration tax plan

    Administration to unveil tax plans soon
    Treasury Secretary Steven Mnuchin reiterated in an interview with the Wall Street Journal that the mortgage interest tax deduction will stay put in the Trump administration’s pending tax plans. And, according to the interview, America should have an official answer on all this soon.
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  • Treasury Secretary Mnuchin: Expect GSEs to continue paying dividend

    Says second half of the year will focus on GSE reform
    Treasury Secretary Steven Mnuchin addressed the Senate Committee on Banking, Housing and Urban Affairs on the future of housing reform. He explained while tax reform has taken up most of his time until this point, the second half of the year will see a higher focus on GSE reform. And what about the FHFA director’s proposal to suspend the dividends? Mnuchin said that’s a no-go.
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  • Treasury Secretary Mnuchin to address Senate Banking Committee on GSE reform

    Mnuchin preparing to suspend GSE dividend payments?
    Treasury Secretary Steven Mnuchin is scheduled to appear before the Senate Committee on Banking, Housing and Urban Affairs. Reportedly, the hearing will focus on Mnuchin’s thoughts on GSE reform. One analyst explains how the secretary’s response will indicate if Fannie, Freddie reform is truly a priority for this administration.
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  • Mnuchin's OneWest subsidiary agrees to $89M settlement for reverse mortgage violations

    Alleged misdeeds took place while Treasury Secretary was chairman
    Treasury Secretary Steven Mnuchin may be done with the OneWest Bank and its subsidiary, Financial Freedom. But it appears that another section of the government isn’t done with Financial Freedom quite yet. The Department of Justice announced Tuesday that Financial Freedom agreed to an $89 million settlement over reverse mortgage allegations, some of which allegedly took place while Mnuchin was chairman of OneWest.
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