Policymaking

Senators: Decision to halt FHA lending to DACA recipients is unacceptable

06/26/19

A group of Senate Democrats have called on HUD Secretary Ben Carson to reverse his agency’s opinion that borrowers in the Deferred Action for Childhood Arrivals program are ineligible for FHA loans.

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Trump forms White House council to ease barriers to affordable housing

06/25/19

The president signed an executive order Tuesday establishing a White House council dedicated to examining regulatory barriers to affordable housing.

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House passes pot banking amendment to spending bill

06/20/19

The House passed a spending bill amendment aimed at providing further clarity to banks looking to provide services to cannabis businesses.

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Senate Banking panel sets hearing on Facebook's Libra

06/19/19

Senators will examine the social media giant’s plan to offer a digital currency. House Financial Services Committee leaders have already criticized the idea.

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Dear Congress: Leave accounting standards to FASB

06/18/19

Lawmakers recently introduced legislation to delay implementation of a new accounting standard for current expected loan losses. But policymakers should seek to preserve the accounting body’s independence.

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Fed essential to ensuring equal access in real-time payments

06/17/19

Public-sector development of a speedier settlement service, to operate alongside the one being developed by The Clearing House, is crucial for seeing that institutions of all sizes are able to take advantage of this technology.

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Three ways to draw private capital back into mortgages

06/14/19

There are clear actions that regulators at the CFPB, SEC and FHFA can take to help attract investors into the housing market, argues former FHFA Director Ed DeMarco.

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DACA recipients ineligible for FHA loans, housing official says

06/13/19

The interpretation by HUD, conveyed in a letter to Congress by Assistant Secretary Len Wolfson, appeared to contradict the agency's earlier comments about borrowers in the Deferred Action for Childhood Arrivals program.

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Postal banking isn’t the fix for financial inclusion

06/13/19

Despite renewed calls from Democrats looking to USPS to offer banking services, policymakers should instead consider reforms that would permit private-sector firms like Walmart and Amazon to offer a wider array of financial products.

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HUD down-payment policy harms first-time buyers

06/11/19

The agency’s new guidance would limit some nonprofits’ ability to help borrowers pay their down payments, leading to higher home costs.

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