Regulation and compliance
Regulation and compliance
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The Senate approved the final tax reform plan 51-48 early Wednesday, the second-to-last obstacle before sending it to President Trump for his signature.
December 20 -
The Consumer Financial Protection Bureau on Tuesday withdrew a
plan to conduct a web survey for its debt collection proposal while acting Director Mick Mulvaney reviews the rulemaking.December 19 -
The U.S. Chamber of Commerce said Monday that an attempt to oust Mick Mulvaney as acting director of the Consumer Financial Protection Bureau would raise "grave questions" about the constitutionality of the consumer agency.
December 18 -
When the acting director of the Consumer Financial Protection Bureau announced plans to bring aboard political appointees, many viewed it as antithetical to an independent regulator. But technically there is nothing stopping him.
December 15 -
PHH Mortgage was the first mortgage servicer to be fined by the New York Department of Financial Services for failing to maintain a "zombie" property.
December 14 -
The Community Home Lenders Association wants Mick Mulvaney, the acting director of the CFPB, to delay implementation of the Home Mortgage Disclosure Act that goes into effect on Jan. 1.
December 13 -
The House Financial Services Committee, by a vote of 60-0, approved a bill amending key provisions of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008.
December 13 -
A Milwaukee landlord who continued to buy foreclosed properties at auction after being sanctioned, must pay $64,550 in municipal court fines that he has been effectively dodging as far back as 2009, a Wisconsin Court of Appeals judge ordered.
December 13 -
The House Financial Services Committee passed 13 bills (and scrapped a vote on one) Wednesday, including one that would stop Fannie Mae and Freddie Mac from being released by the government and another hailed as helping the underbanked in rural areas.
December 12 -
Secretary of the Commonwealth William F. Galvin has charged a Milton, Mass., man with using a fraudulent house-flipping scheme to convince friends and investors to lend him money that he then used on restaurants, hotels and groceries.
December 12 -
Movement Mortgage will pay $1.1 million in penalties and customer refunds to settle charges by California regulators it serviced loans without a state license and for collecting unearned interest.
December 11 -
Bank of America is exiting the mortgage lien release business by entering into an agreement to sell this unit to First American Financial Corp.
December 11 -
HUD's decision to stop endorsing Property Assessed Clean Energy will have little impact; the widest segment of FHA borrowers "would not qualify anyway."
December 11 -
Royal Bank of Scotland Chief Executive Officer Ross McEwan said the likelihood is waning that the lender will settle a U.S. mortgage-bond probe before the end of the year as he'd hoped, though it's well-capitalized to handle a settlement.
December 8 -
Until recently, there was a consensus among policymakers that Fannie Mae and Freddie Mac needed to be eliminated. That just changed. Here's why.
December 8 -
Stephanie W. Cowart, former executive director of the Niagara Falls Housing Authority, admitted to working with her son and daughter-in-law to steal $17,580 from the authority and the state.
December 7 -
The U.S. is taking steps to stamp out the practice of servicemembers and veterans being pressured into taking mortgages they don't need, a move that officials say will lower consumer costs and could lead to financial penalties for lenders.
December 7 -
House Financial Services Committee Jeb Hensarling shifted tactics on housing finance reform Wednesday, acknowledging that a bill he’s pushed for years to virtually eliminate the government’s role in the mortgage market lacks the support to become law.
December 6 -
The Senate Banking Committee's passage of a regulatory relief bill is fueling optimism about its advancement, but it still must clear a series of legislative hurdles before becoming law.
December 6 -
The Office of the Comptroller of the Currency is eliminating a plan designed to ensure its examiners did not get too close to the big banks they supervise.
December 6
















