A federal judge in Sacramento, Calif., has ruled in favor of the parties suing to overturn California's Junk Fax Law.The state passed its own law last year in a direct challenge to the federal Junk Fax Prevention Act. The California law did not carve out an "established business relationship" safe harbor, as did the federal law. "Because of this victory, businesses nationwide will be spared the unnecessary cost and bureaucracy of navigating what would have been grossly conflicting federal and state laws," said Stephen A. Bokat, executive vice president of the National Chamber Litigation Center, an arm of the U.S. Chamber of Commerce, one of those suing the state over the law. Among those benefiting from the ruling are mortgage wholesalers who send out rate sheets to brokers and mortgage brokers who fax marketing materials to real estate brokers.
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The inspector general's office, responsible for overseeing the regulator, now sits vacant amid Director Bill Pulte's swift changes and numerous fraud probes.
10h ago -  
The agreement, if approved by a federal judge, would end litigation over two distinct cybersecurity incidents in 2021 which affected over 2 million customers.
10h ago -  
The Consumer Financial Protection Bureau has seen a rapid drop in the effectiveness of its cybersecurity program, according to a new report from the Fed's Office of Inspector General.
11h ago -  
Now that quantitative tightening is ending, the debate on who should be the MBS buyer of last resort, Fannie Mae and Freddie Mac, or the Fed, is taking hold
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In her first public appearance since President Trump moved to fire her from the Federal Reserve Board of Governors, Fed Gov. Lisa Cook reiterated her commitment to bringing inflation under 2% and said that the labor market remains "solid."
November 3 -  
Refinancing pushed mortgage originations higher as rates eased, and home equity lending kept growing, but rising delinquencies signal mounting borrower stress.
November 3 





