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CFPB proposes 'minor' changes to HMDA rule

04/13/17

The Consumer Financial Protection Bureau proposed a series of clarifications to its 2015 rule expanding mortgage data collection requirements that many in the industry have said is too onerous.

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Wells Fargo revenue falls short on higher costs, mortgage weakness

04/13/17

First-quarter revenue at the scandal-plagued bank missed analysts’ estimates as profit fell in the lender’s troubled retail bank and expenses climbed.

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Banks get more goodies in GOP's updated Dodd-Frank overhaul plan

04/12/17

A new Republican plan to streamline Dodd-Frank's capital rules, stress tests and many other requirements will be reintroduced in the coming weeks by House Financial Services Committee Chairman Jeb Hensarling.

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Trump eyes repeal-and-replace strategy for Dodd-Frank

04/11/17

Meeting with CEOs, President Trump discussed reducing the financial regulatory burden among a series of actions he is pursuing to make the U.S. more business-friendly.

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Is the Trump administration serious about restoring Glass-Steagall?

04/06/17

Observers are divided over whether National Economic Council Director Gary Cohn's support for a modernized Glass-Steagall Act is purely opportunistic or sincere.

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Senators push bill targeting predatory lending on solar energy investments

04/06/17

The bill from three GOP senators would require Truth in Lending Act disclosures for so-called Property Assessed Clean Energy loans, which are currently exempt from the law.

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Small banks need reg relief fast, says B of A's Moynihan

04/04/17

Although the Dodd-Frank Act made some positive changes, the weight of its regulations is killing small banks, Bank of America CEO Brian Moynihan said Tuesday.

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Flagstar to buy West Coast mortgage lender

04/04/17

Opes Advisors has 39 locations in California, Oregon and Washington. The firm generated $3 billion in mortgages last year.

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Carson claims HUD budget cuts will be restored in infrastructure bill

04/03/17

Affordable housing advocates are skeptical of claims by the Department of Housing and Urban Development that proposed cuts to the agency's budget will eventually be made up for by additional funding in the infrastructure bill.

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More evidence that rising student debt is bad for banks

04/03/17

New research from the New York Fed confirms a lingering worry for the banking industry: More prime-age, college-educated borrowers are delaying the decision to take out their first mortgage as they focus instead on paying off their student loans.

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