Regulation and Compliance

April 26 Hearing Set for Dodd-Frank Replacement Bill

Apr 20, 2017
Rep. Jeb Hensarling, (R-TX), chairman of the House Financial Services Committee, has scheduled an April 26 hearing for his committee to begin discussions on the 600-page Financial CHOICE Act

Rep. Jeb Hensarling, (R-TX), chairman of the House Financial Services Committee, has scheduled an April 26 hearing for his committee to begin discussions on the 600-page Financial CHOICE Act, which is being presented as a replacement of the 2010 Dodd-Frank Act.
 
According to a Reuters report, the Financial CHOICE Act would put the Consumer Financial Protection Bureau under Congress’ oversight and add new limits to its enforcement authority. It would also allow banks to boost their capital holding while relaxing some of the Dodd-Frank Act’s banking mandates.
 
"Republicans are eager to work with the president to end and replace the Dodd-Frank mistake with the Financial CHOICE Act because it holds Wall Street and Washington accountable, ends taxpayer-funded bank bailouts, and unleashes America’s economic potential," said Rep. Hensarling, who offered a similar piece of legislation in the previous Congress that passed his committee but was never voted upon by the full House of Representatives.
 
About the author
Phil Hall
Link copied
Published
Apr 20, 2017
Get the NMP Daily
Analysis and Data
Homeowners Insurance A Growing Concern in Florida and California

Majority of Fla. and Calif. survey respondents have been affected by insurance woes or live in an area that has, Redfin says

Insurance is at the top of mind for homebuyers and homeowners in Florida and California, which have become epicenters of the nationwide housing insurance crisis. Rising homeowners insurance premiums and changes in coverage are so commonplace now that nearly three-quarter...

Continue reading
Analysis and Data
California Home Sales Decline In March, Despite Increased Listings

The California Association of Realtors reports that the median home price rose 7.7% year-over-year.

After just last month announcing the resiliency of California home sales in February despite rising interest rates, figures released today by the California Association of Realtors (CAR) show sales volume in the state slipped in March as median home prices hit a seven-month ...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Regulation and Compliance
In Wake Of NAR Settlement, Dual Licensing Carries RESPA, Steering Risks

With the NAR settlement pending approval, lenders hot to hire buyers' agents ought to closely consider all the risks.

Regulation and Compliance
Apr 11, 2024
A California CRA Law Undercuts Itself

Who pays when compliance costs increase? Borrowers.

Regulation and Compliance
Apr 11, 2024
CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

Regulation and Compliance
Apr 10, 2024
Fannie Mae Weeds Out "Prohibited or Subjective" Appraisal Language

The overall occurrence rate for these violations has gone down, Fannie Mae reports.

Regulation and Compliance
Apr 10, 2024
Arizona Bans NTRAPS, Following Other States

ALTA on a war path to ban the "predatory practice of filing unfair real estate fee agreements in property records."

Regulation and Compliance
Apr 04, 2024
Kentucky Legislature Passes Bill Banning NTRAPS

The new law prohibits the recording of NTRAPS in property records, creates penalties if NTRAPS are recorded, and provides for the removal of NTRAPS currently in place.

Regulation and Compliance
Apr 03, 2024