Policymaking

HUD to loosen restrictions on FHA insurance for condo loans

08/14/19

The Department of Housing and Urban Development will remove some barriers to government-insured condominium lending next month, including a post-crisis measure housing industry groups have long pressed for a change to.

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Big banks need more diversity in leadership ranks: House Democrats

08/13/19

With women and minorities holding less than 25% of top positions at the eight largest U.S. banks, House Financial Services Committee Chairwoman Maxine Waters and other Democrats called on banks to improve their recruiting efforts and invest in programs aimed at building pipelines of diverse talent.

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FHA cracks down on cash-out refinancing

08/01/19

The Federal Housing Administration is aiming to limit the share of borrowers who have been withdrawing money from the value of their homes.

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Crypto holds public promise and potential for danger: Senators

07/30/19

Two weeks after lawmakers grilled a Facebook exec over Libra, they acknowledged benefits from digital currency technology while warning of the risks.

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Former CFPB official 'may have abused his authority': Inspector general

07/29/19

Eric Blankenstein, now at HUD, is under fire for asking a subordinate to defend him after it was revealed he wrote racially charged blogs 14 years earlier.

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Senators press Fed's Powell on real-time payments

07/22/19

A group of senators on the Banking Committee sent a letter to the central bank chairman grilling him on the agency's efforts to develop a real-time payments system.

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Warren warns consumer, corporate debt could cause next crisis

07/22/19

The Democratic presidential candidate argued in a blog post that the U.S. could avoid a recession by canceling most student debt and authorizing regulators to more aggressively monitor leveraged lending.

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Equifax nears $700 million settlement of probes into data breach

07/19/19

The agreement with authorities including the Federal Trade Commission and state attorneys general — and possibly the Consumer Financial Protection Bureau — may be announced as soon as Monday.

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Facebook's crypto plans are 'a national security issue,' Mnuchin says

07/15/19

The Treasury secretary said the U.S. government has significant concerns about digital currencies, including their potential as tools for money launderers.

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Facebook won’t launch crypto service until regulators satisfied, exec says

07/15/19

David Marcus, who oversees Facebook’s digital wallet, plans to tell Congress that the company will roll out Libra only after it has "received appropriate approvals.”

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