The U.S. House of Representatives voted for a bill that exempts certain depository institutions from complying with requirements under the Home Mortgage Disclosure Act (HMDA).If enacted, credit unions and other lenders with less origination volume as set forth in the bill will not be legally Read more
Senators Propose Measures to Protect Consumer Data Post-Equifax Breach
The proposed legislation contemplates the creation of a separate cybersecurity office at FTC that will come up with new standards to prevent any consumer data breach.Arguably the biggest data breach of 2017, approximately 143 million Americans’ sensitive personal data were compromised when Read more
HUD: $2-Bil. Funding to Fight Homelessness in Local Communities
It was not too long ago that VA’s David Shulkin had to reassure everyone that the department won’t cut off a key program for homeless Veterans. For its part, the Housing and Urban Development (HUD) recently awarded $2 billion to over 7,000 local programs dedicated to prevent or end homelessness Read more
What Does the New Year Hold for HELOCs? Projections, Rates in 2018
Some news sites and even past reports claim about HELOCs gaining traction this 2018. To be fair, home equity lines of credit are a perennial favorite among homeowners to get cash out of their equity or simply have standby funds for the rainy day.Still, it begs the question of what makes 2018 a Read more
HUD Gives Local Entities More Time to Assess Fair Housing Landscape
The Housing and Urban Development in a notice on the Federal Register announced an extension for local jurisdictions to submit an Assessment of Fair Housing in furtherance of HUD’s final rule on Affirmatively Furthering Fair Housing (AFFH).AFFH seeks to promote fair housing in local communities Read more
