In a statement, the Federal Reserve said the disease poses “evolving risks to economic activity” just a month after Jerome Powell said he didn’t feel there was a need for further reductions.
Read More »CFPB Supreme Court Case Looming
With the opening arguments set to take place Tuesday, what is at stake for the Bureau and how did it get here?
Read More »NFIP Issued $400m in Reinsurance Protection
FEMA transferred the National Flood Insurance Program’s flood risk to the capital markets through the issuance of its third catastrophe bond transaction
Read More »Experts Predict: Interest Rate Cuts are Likely
Despite the prediction, Neel Kashkari and Loretta Mester, presidents of the Minneapolis and Cleveland central banks, respectively, both said Monday there was no immediate need to cut interest rates.
Read More »Fed Chair Responds to Coronavirus Fears
With the economy already feeling the virus's effects, Jerome H. Powell has stated that the Fed will “act as appropriate to support the economy.”
Read More »Recognizing Excellence in Servicing
Winners of the 2019 Servicer Honors and Rewards Program include Wells Fargo and Mr. Cooper for their superior servicing portfolio performance.
Read More »Richard Cordray Reviews His Time at CFPB
In a new book, the former Director of the Consumer Financial Protection Bureau discusses his time at the Bureau, and the landmark moments during his tenure.
Read More »Freddie Mac: Mortgage Delinquencies Dropping
Read more on its monthly volume summary, where the GSE details the unpaid balance of loans.
Read More »FHFA To Disburse GSE Allocations to Housing Trust Fund
Fannie Mae and Freddie Mac's affordable housing allocations for 2019 includes the HUD Housing Trust Fund of $326.4 million and the Department of the Treasury for the Capital Magnet Fund of $175.8 million.
Read More »Law Firm Accuses CFPB of Unlawful Funding
According to a lawsuit filed by the New Civil Liberties Alliance, Congress unlawfully divested its legislative appropriations power when it gave CFPB the ability to draw funding directly from the Federal Reserve
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