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Mortgage Politics and Legislation

Last Updated April 2, 2018 7:35 PM Central

Sen Warren Wants Fed Vote on Wells Fargo Plan
The Senate's member most critical of Wells Fargo & Co. is asking the Federal Reserve Board of Governors to hold a formal vote on the firm's reform plan.

Acting CFPB Director Seeks Changes to Dodd-Frank
The controversial acting director of the Consumer Financial Protection Bureau is calling on Congress to defang the bureau before it does too much harm to financial markets.

FHA Technology Fee Proposed
In order to fund planned technology investments in the Federal Housing Administration, a per-loan fee on newly originated mortgages is being proposed.

Wells Mortgage Employee Gone After Racist Activity
A mortgage employee is no longer working for Well Fargo & Co., which says it has a "tradition of diversity and inclusion," after he was accused of racist activities.

Regulatory Relief Legislation Passes Senate
Over the objections of consumer groups and liberal Democrats, legislation to provide regulatory relief to home lenders has made its way through the Senate.

S. 2155 Amendment Boon for Credit Bureaus
An amendment proposed to the bill to overhaul the Dodd-Frank Wall Street Reform and Consumer Protection Act would prohibit lawsuits against the credit bureaus.

NAACP Warns Bill Threatens Anti-Discrimination
Community banks say that a warning from a civil rights group about pending legislation to overhaul the Dodd-Frank Wall Street Reform and Consumer Protection Act is much ado about nothing.

Warren Warns About Dodd-Frank Overhaul
The architect of the Consumer Financial Protection Bureau is warning that pending legislation to ease regulations for financial institution could lead to more government bailouts.

Dem Split Enables Dodd-Frank Overhaul to Advance
A split between liberal and moderate Democrats enabled the Republican-controlled Senate to move forward legislation that would overhaul the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Dodd-Frank Overhaul Bill Advances in Senate
Legislation that could roll back some of the more burdensome provisions of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act could be approved as early as this week.

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