Government

The Office of the Comptroller of the Currency’s announcement in early December that it would grant a special purpose national bank charter to non-bank financial technology companies is causing no small amount of concern in the industry.

Those hoping for relief from mortgage insurance rates will have to keep waiting, as the Trump Administration suspended the premium reduction indefinitely right after the administration began.

Donald J. Trump was sworn in as the 45th President of the United States on Friday, while the nation—and the industry—listened in closely as he promised to rebuild the economy by putting American people first.

Support and condemnation for Steve Mnuchin came down along partisan lines during his confirmation hearing for Treasury Secretary on Thursday.

As speculation persists that President-elect Donald Trump will fire Consumer Financial Protection Bureau (CFPB) Director Richard Cordray once Trump takes office, lawmakers on both sides of the aisle are pleading their respective cases as to why Cordray should either stay or go.

With so much talk lately around the possibly of the soon-to-be-installed Trump Administration rolling back regulations for the financial industry, the House Financial Services Committee Chairman is making his case for the Republicans’ Dodd-Frank alternative, the Financial CHOICE Act.

Housing industry stakeholders will be watching closely when President-elect Donald Trump's choice for Treasury Secretary, Steve Mnuchin, answers questions from the Senate at his confirmation hearing this week. Mnuchin has vowed to end the government's conservatorship of the GSEs.

The U.S. Supreme Court rejected a petition from several large banks that were seeking a review of an earlier ruling regarding a statute of limitations for lawsuits over mortgage-backed securities.

HUD Secretary-Designate Dr. Ben Carson calmly answered questions for nearly three hours before the Senate Banking Committee in his confirmation hearing on Thursday, saying he intends to "fight for those who are still trying to reach their full potential" with regard to the American Dream.

While many praised the Federal Housing Administration's recent decision to lower its mortgage insurance premiums by 25 basis points, not everyone was a fan.