Senate Banking Committee Chair Sharrod Brown recently held a hearing to discuss the future of the National Flood Insurance Program, featuring a panel of experts highlighting the many repercussions of an expiration in the program.
Read More »Former Senior CFPB Attorney Launches New Firm
ormer CFPB Senior Counsel Colgate Selden partners with Alan Lindeke to bring a combined 40-plus years of senior legal, risk, compliance, and executive leadership roles to new law firm.
Read More »OCC and FinCEN Levy $140M Fine, Cease and Desist Order Against USAA
Joint actions were taken today by the OCC and FinCEN against USAA, citing violations of the Bank Secrecy Act and failure to establish an effective Anti Money Laundering program.
Read More »Supreme Court Halts CDC’s Eviction Moratorium
By a 6-3 vote, the U.S. Supreme Court has put an end to the CDC’s eviction moratorium, as an estimated seven million Americans remain delinquent on their housing payments due to pandemic-related issues.
Read More »Treasury Aims to Expedite Assistance to Tenants
The department updates procedures in attempt to speed distribution of funds to property owners and renters in the aid-application pipeline.
Read More »Report Questions Effectiveness of Fed’s Crisis-Era Purchases
A report presented Friday by economists at the U.S. Monetary Policy Forum questioned the effectiveness of the Federal Reserve’s asset purchases during the 2008 financial crisis. The conference is held annually at the University of Chicago Booth School of Business, ...
Read More »The Week Ahead: Treasury Budget Forecasts Potential Rate Changes
On Monday at 2 p.m. ET, the United States Department of the Treasury will release the latest Treasury Budget. This monthly accounting shows the Federal Government's surplus or deficit at a given time, which is affected by factors such as taxation ...
Read More »Fed Owns Nearly 30 Percent of All Outstanding MBS
Since October, the Federal Reserve is reducing the number of securities and treasuries it owns, see where the Fed projects to be by 2025.
Read More »Treasury Disputes Arbitration Rule’s Costs, Benefits
The U.S. Treasury released an 18-page analysis Monday disputing the CFPB’s arbitration rule, claiming the Bureau failed to evaluate if the arbitration clauses would protect consumer and public interest, which the report cites are the Bureau’s “two statutory mandates.”
Read More »Treasury Official Says Administration is ‘Ready, Willing, and Able’ to Talk Housing Finance Reform
Speaking at the National Council of State Housing Agencies Legislative Conference on Monday, the Department of U.S. Department of Treasury Counselor to the Secretary for Housing Finance Policy Dr. Michael Stegman said that the Obama Administration is "ready, willing, and able" to talk housing finance reform, which has been a hot-button topic in recent months as Fannie Mae and Freddie Mac remain in conservatorship of the Federal Housing Finance Agency.
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