On July 9, the CFPB proposed updates to existing mortgage servicing regulations. These changes would make some pandemic borrower protections under the 2020 CARES Act permanent. Under the proposal, mortgage servicers would make greater efforts to assist...
Read MoreOn June 13, President Joe Biden announced his intent to nominate Christy Goldsmith Romero to succeed Martin Gruenberg as Chair of the Federal Deposit Insurance Corporation (FDIC). Additionally, he plans to nominate Kristin Johnson to...
Read MoreAmerican Banker writes the growth of private credit has drawn the attention of the Financial Stability Oversight Council and the Federal Reserve. According to Congressional Research Service, total private credit lending outstanding is about $2 trillion...
Read MoreFDIC Chairman Martin Gruenberg stated he would resign, following recent investigation into the agency’s workplace culture, which found widespread sexual harassment at the organization. Gruenberg plans to continue his duties and will resign once his...
Read MoreRecent FSOC report details the unique role of non-bank mortgage companies, including both strengths and weaknesses. The report made recommendations to address the sector’s potential risk, including Congressional establishment of an industry financed fund for failing non-bank...
Read MoreThe SEC announced a temporary halt to the implementation of its new rule requiring public companies to disclose their climate risks and their emissions figures to investors, as it pursues legal action to determine legality....
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