Judge denies injunction to remove Mick Mulvaney as consumer bureau’s acting director

A federal judge on Wednesday denied a request for a preliminary injunction to remove Mick Mulvaney as acting director of the Consumer Financial Protection Bureau. The judge sided with Mulvaney — President Donald Trump’s choice for the interim position — over Leandra English, the agency’s deputy director who has said she is the rightful acting director.… Please follow and like us:

Read More

House and Senate Should Reconcile Their Bills to Replace Dodd-Frank

In June, the House passed the Financial CHOICE Act, a comprehensive financial regulatory reform bill that would replace large parts of the 2010 Dodd-Frank law. Because the Republicans hold a slim majority in the Senate, passing such a comprehensive reform package is difficult, at best. Nonetheless, the Senate Banking, Housing, and Urban Affairs Committee, led by… Please follow and like us:

Read More

Home Prices Boom 10 Years After Housing Crisis

New report reveals surprising data as prices return to bubble levels SANTA CLARA, Calif., Nov. 13, 2017 /PRNewswire/ — Home prices have returned to the boom levels of a decade ago — which foreshadowed the bursting of the real estate “bubble” and the onset of The Great Recession — but today’s housing market is starkly different,… Please follow and like us:

Read More

Draining the Dodd-Frank swamp

The House just passed the Financial CHOICE Act, which enacts major reforms to the Dodd-Frank Act, signed into law by President Obama in 2010. The 2,300-page Dodd-Frank Act was passed to fix what supposedly was broken in our financial system that led to the massive financial collapse in 2007. The potential economic impact of the sweeping… Please follow and like us:

Read More