The bill calls for the establishment of advisory boards or councils within the CFPB of 15 to 20 members each for small businesses, credit unions, and community banks. The stated purpose of each advisory board or council is to "advise and consult" with the CFPB on issues that impact their respective groups.
Read More »Online Petition to End Conservatorship of GSEs Posted on White House Web Site
An online petition calling for the end of the Federal Housing Finance Agency's conservatorship of Fannie Mae and Freddie Mac has been posted to the White House's "We the People" Web page.
Read More »Quandis Launches Website Aimed at Assisting Servicemembers
California-based mortgage servicing software provider Quandis has launched a website to assist servicemembers, veterans and their families as part of President Obama's New Executive Actions.
Read More »President to Nominate Investment Banker for Treasury’s Senior Domestic Finance Position
President Barack Obama will nominate Antonio Weiss, global head of investment banking at merger-advisory firm Lazard Ltd., for U.S. Treasury Under Secretary, the top domestic finance position with the government organization, according to a statement released by the White House.
Read More »Obama Commends Financial Regulators For Reform Efforts
President Barack Obama "commended" financial regulators for progress made since the Dodd-Frank Act became law in 2010 at a meeting on Monday between the president, top financial regulators, and top White House officials in the Roosevelt Room, the White House announced.
Read More »Analyst Predicts Home Price Decline In Report to White House
If Pollard is correct, the impact on the U.S. economy would be seismic. Overvalued homes, according to his report to President Obama, make up $23 trillion of consumer asset value and "serve as the psychological linchpin" for $17 trillion of invested capital.
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