Skip to main content

Trump Signs Tax Bill Into Law

Phil Hall
Dec 22, 2017
Members of the National Association of Mortgage Brokers (NAMB) have participated in meetings at the White House to discuss important matters regarding Association Health Plans

President Trump signed the Tax Cuts and Jobs Act this morning in the Oval Office, keeping his promise of having the legislation enacted into law ahead of the Christmas holiday break.
The exact timing of when and where the bill would be signed was left unanswered following Wednesday’s passage of the legislation by Congress. The president made no mention of when the signing would occur during his rally with congressional Republicans on Wednesday afternoon, and White House legislative director Marc Short said that President Trump could possibly sign the bill while he's vacationing at his Mar-a-Lago estate in Florida for the holidays, and the president told reporters that he had seen news reports that the signing would be postponed until early January.
CBS News reported that the White House was waiting for Congress to pass a short-term spending bill that suspended the "pay-go" rule, which required the new tax cuts to be paid for with automatic spending cuts to offset the cost. Congress passed the stopgap spending bill yesterday, which provides funds to keep the federal government operational through Jan. 19.
Immediately after the signing, the Financial Services Roundtable (FSR) issued a statement praising the conclusion of this legislative process. “Modernizing America’s tax system will help ignite economic growth, make our businesses more competitive, add jobs and increase paychecks,” said FSR CEO Tim Pawlenty. “This is a victory for American taxpayers, and we look forward to working with policymakers to further increase economic opportunity in communities across the country.”

Dec 22, 2017
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021
CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020

Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020

Regulation and Compliance
Jun 29, 2021