Items Tagged with 'Steven Mnuchin'

ARTICLES

  • Mnuchin: GSE reform isn’t happening in 2018

    But still plans to take Fannie, Freddie out of conservatorship
    Back in September, during a Politico Policy Summit in Washington, U.S. Department of the Treasury Secretary Steven Mnuchin said GSE reform would be addressed in 2018. For all of you nay-sayers who said it wouldn’t happen – a new interview with the secretary shows you were probably right.
    Read More
  • U.S. Treasury boasts deregulation reform accomplishments

    Says reducing unnecessary burdens will lead to economic growth
    Tuesday, the U.S. Department of the Treasury released a 21-page report entitled Regulatory Reform Accomplishments Under President Trump’s Executive Orders, which, as the title suggests, details the actions it has taken toward decreasing regulations.
    Read More
  • Treasury Sec. Mnuchin wants answers on Equifax investigation

    Treasury secretary says he will talk to Mulvaney
    In between questions about Russian sanctions and the stock market, U.S. Treasury Secretary Steven Mnuchin told the House Financial Services Committee on Tuesday he is interested in how the Consumer Financial Protection Bureau and its acting director, Mick Mulvaney, is handling the investigation into the data breach at credit agency Equifax.
    Read More
  • 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.
    Read More
  • Treasury report calls for extensive regulatory relief to finance industry

    Focuses on non-legislative reform
    As directed by President Donald Trump, the U.S. Treasury published a report Friday that calls for sweeping financial reform, including changes that would weaken the Dodd-Frank Act. The report claims regulations enacted after the Great Recession made it more difficult for financial institutions to recover, and made for one of the weakest economic recoveries in U.S. history. Here are some of the changes it calls for.
    Read More
  • CIT Bank selling Financial Freedom, exiting reverse mortgage business

    Financial Freedom acquired as part of OneWest Bank deal
    CIT Bank is getting out of the reverse mortgage business. CIT announced late last week that it is selling Financial Freedom, the reverse mortgage company it acquired as part of its 2015 acquisition of OneWest Bank. In the last few months, Financial Freedom’s supposed business practices became big topics of discussion in various parts of Washington, D.C., due to Department of the Treasury Secretary Steven Mnuchin’s relationship to OneWest Bank.
    Read More
  • Monday Morning Cup of Coffee: Feds finally end AIG oversight

    Plus, Mnuchin defends tax plan and some good news in Miami
    In just the latest chapter of the Trump administration's deregulation playbook, The Financial Stability Oversight Council, created by Dodd-Frank and comprised of 10 senior financial regulators, including Treasury Secretary Steven Mnuchin, CFPB Director Richard Cordray and Federal Reserve Chair Janet Yellen, voted to remove federal oversight of American International Group Friday night.
    Read More
  • Message from housing finance groups: Congress must work on GSE reform

    Groups send joint letter to Mnuchin and Watt
    Initial talks from the Trump administration on reforming Fannie Mae and Freddie Mac are not happening as quickly as originally anticipated due to a growing backlog of things to accomplish in Washington D.C. Despite the slowed-down timeline, some of the biggest housing finance groups joined together to remind housing officials to stay focused on reform.
    Read More