Google+
  • Ocwen30.17-4.49 -12.95%
  • Zillow143.53-4.88 -3.29%
  • Trulia60.53-2.07 -3.31%
  • NationStar30.51-1.12 -3.54%
  • CoreLogic27.20-0.37 -1.34%
  • RE/MAX29.30+0.88 +3.10%
  • Fannie Mae4.19-0.12 -2.78%
  • Freddie Mac4.17-0.10 -2.34%
  • Wells Fargo50.90-1.20 -2.30%
  • CitiMortgage48.91-1.08 -2.16%
  • Bank of America15.25-0.33 -2.12%
  • Auction.com0.00N/A N/A
  • Fidelity National Financial27.11+0.52 +1.96%
  • Black Knight Financial0.00N/A N/A
  • AUDUSD=X0.9306N/A N/A
  • USDJPY=X102.884N/A N/A
  • WP Stock Ticker
Home | News | Government

House Financial Services Committee Sends Fed Reform Bill to a Floor Vote

Congress Wednesday fired its latest rounds in its ever-escalating battle with the Federal Reserve, as a Republican-controlled House committee passed a reform bill aimed at making the Fed more accountable and transparent. The Fed’s has already warned of serious trouble if the nation’s top financial institution were held to formal policy regarding its ability to set interest rates.

Read More »

CFPB Takes Action Against Lending Scheme

gavel

The Consumer Financial Protection Bureau (CFPB) and 13 state attorneys general announced Tuesday that obtained approximately $92 million in debt relief from Colfax Capital Corporation and Culver Capital, collectively known as “Rome Finance,” for about 17,000 U.S. service members and other consumers injured by the company’s predatory lending scheme.

Read More »

Goldman Sachs FHFA Settlement could reach $1.25 Billion

wall-st-and-gov

Multiple reports surfaced over the weekend that Goldman Sachs may be nearing a deal with the federal government to settle claims that it sold faulty mortgage backed securities to Fannie Mae and Freddie Mac, according to people with familiar with the negotiations. If a deal is reached it is expected to come in between $800 million and $1.25 billion. The talks were first reported by the Wall Street Journal.

Read More »

CFPB Proposes Changes to Reporting Requirements

commercial-new-venture

The Consumer Financial Protection Bureau is proposing a rule designed to improve the availability of access to credit. The proposed rule would update the reporting requirements contained within the Home Mortgage Disclosure Act and simplify the reporting process for financial institutions.

Read More »
Scroll To Top