A bill reintroduced in the House of Representatives could offer relief for millions of Americans struggling to afford their first home. The Downpayment Towards Equity Act, introduced by a group of Democrat lawmakers led by Rep. Maxine Walters D-Calif, would offer $100 billion in grants to help new homebuyers purchase their first home. The bill’s […]
Bill offers first-time buyers up to $25K for down payment Read More »
Bloomberg News The Financial Technology Association filed a motion for summary judgment in federal court late Sunday, defending a final rule on consumer financial data rights that the Consumer Financial Protection Bureau under the Trump administration refused to uphold. The FTA said in a court filing that consumers cannot share their data without easy access
Fintech group urges court to uphold CFPB’s open banking rule Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. During testimony to the House Financial Services Committee, Federal Reserve Board Chairman Jerome Powell repeatedly evaded questions from members of both parties about the impact of monetary policy on housing. Rep. Rashida Tlaib D-Minn. seemed perplexed or confused by Powell’s assertion that
The Fed chose Treasury markets over housing sanity Read More »