Law and regulation

GSE reform could increase costs to borrowers: CBO

08/27/18

The Congressional Budget Office has found that restructuring the mortgage market would save the government billions of dollars but may increase the cost of housing.

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CFPB amends rule that gives banks exemptions from privacy notices

08/10/18

The CFPB made changes to a rule that allows financial firms to be exempt from sending annual privacy notices to customers if they meet certain conditions.

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Banks earning less from overdrafts, but critics still find fault

08/07/18

There’s much for banks to like — and for consumer advocates to dislike — in a report on the industry's overdraft policies released Tuesday by the Center for Responsible Lending.

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States still call the shots on subprime lending

07/24/18

The creation of the Consumer Financial Protection Bureau was widely expected to centralize regulation of payday and other high-cost loans in Washington. It hasn’t worked out that way.

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FSOC proposes Zions shed its systemically important status

07/18/18

The Financial Stability Oversight Council has proposed to dedesignate Zions Bancorp. as a systemically important financial institution under the Dodd-Frank Act.

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FHFA leadership structure is unconstitutional: Judges

07/17/18

A federal appeals court in Texas agreed with Fannie Mae and Freddie Mac shareholders that the FHFA, led by a single director, violates the separation of powers.

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ABA will air TV ads for two more lawmakers seeking re-election

07/12/18

The American Bankers Association will run advertisements in support of Reps. French Hill and Bruce Poliquin, who are incumbents this November. The group has now endorsed three Republicans and a Democrat.

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Ohio poised to tighten rules on high-cost consumer lending

07/10/18

Republican lawmakers and consumer groups have reached an agreement on legislation designed to close a loophole in the state's interest rate cap.

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Battle over control of CFPB is about to end

07/06/18

Leandra English, who sued President Trump and Mick Mulvaney last year claiming to be the rightful director of the CFPB, said Friday that she plans to resign and drop the litigation.

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Plan to make banks divulge sales goals closer to becoming L.A. law

07/03/18

A first-in-the-nation ordinance, passed by the city council in the wake of the Wells Fargo scandal, would require banks that want the city’s business to reveal if they have sales quotas for employees. It remains to be seen, though, whether Mayor Eric Garcetti will sign the measure into law.

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