On Tuesday, Federal Reserve Chairman Jerome Powell made his first appearance before Congress since being sworn into the role. Remarking on the strengthening U.S. economy, Powell told Congress that “some of the headwinds the U.S. economy faced in previous years ...
Read More »Tax Reform Bill Headed Back to House for Revote
After a victory in the House, the bill headed to the Senate Tuesday night, but a technicality will send it back to the House for a revote on Wednesday morning.
Read More »Flood Insurance Reform Passes in House
The House has voted to reauthorize and reform the National Flood Insurance Program. What does it mean for homeowners and the housing industry in general?
Read More »House of Representatives Makes Move to Privatize Flood Insurance
Flood insurance may be getting an overhaul, but not in the form of the National Flood Insurance Policy just yet.
Read More »The Week Ahead: Yellen in the Spotlight
Janet Yellen will be in the limelight again on Wednesday and Thursday, this time testifying before both the House and the Senate. Will The Fed say more of the same, or will her testimony bring more changes?
Read More »It’s Not Just the GOP Trying to Roll Back Dodd-Frank
Lawmakers’ efforts to chip away at the Dodd-Frank Wall Street Reform and Consumer Protection Act have come almost exclusively from the Republican side of the aisle—until now.
Read More »House Postpones Vote on Proposal to Cap Salaries of Fannie Mae, Freddie Mac CEOs
Watt said in a statement in July that the purpose of the pay raises was to "promote CEO retention, allow reliable succession planning, and ensure the continuity, efficiency and stability" at Fannie Mae and Freddie Mac. Watt's predecessor, Ed DeMarco, capped the GSE CEO pay at $600,000 a year more than three years ago after four years of conservatorship.
Read More »House Passes Bipartisan Bill to Provide Formal TRID Grace Period
The Homebuyers Assistance Act (H.R. 3192), provides the mortgage industry with a grace period through February 1, 2016 by protecting them from enforcement actions if they make a good faith effort to comply with the TRID regulation. The Act passed through the House Financial Services Committee last week. The White House attempted to veto the Homebuyers Assistance Act on Tuesday, according to a Statement of Administrative Policy.
Read More »Two Bipartisan Job Bills Pass in Congress
The U.S. House of Representatives passed bipartisan legislation on September 19 that allows small businesses to spend capital toward creating jobs instead of compliance.
Read More »Representative Proposes Sweeping Changes to Consumer Reporting System
Congresswoman Maxine Waters (D-California), a ranking member of the Financial Services Committee, unveiled a proposal today that would make sweeping changes to the way consumer credit is scored.
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