Trump administration

PAVE task force 2.0? Senate Democrat introduces appraisal bias legislation

Appraisals, Appraisals and Valuations, DEI, Discrimination, HWmember, Legislation, Mortgage, Regulatory, Senate, Trump administration / Ricky Vasquez

The Trump administration has “effectively disbanded” the interagency Property Appraisal and Valuation Equity (PAVE) task force, but a Democratic senator wants to revive it. Raphael Warnock of Georgia introduced the Appraisal Modernization Act on Thursday. The legislation seeks to address systemic bias in the appraisal process, effectively writing into law many of the measures the […]

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OCC drops disparate impact enforcement

disparate impact, Donald Trump, Fair Lending, HWmember, LendingLife, Mortgage, Office of the Comptroller of the Currency, Regulatory, Trump administration / Ricky Vasquez

The Office of the Comptroller of the Currency (OCC) announced Monday that it will no longer enforce disparate impact analysis in fair lending risk assessments, following a directive from the White House issued three months ago. “Consistent with EO 14281, the OCC supervisory process for fair lending compliance no longer includes examining for disparate impact

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Trump administration ‘effectively disbands’ the PAVE task force

Appraisals, Appraisals and Valuations, Biden Administration, Discrimination, HUD, HWmember, Politics, Real Estate, Regulatory, Trump administration / Ricky Vasquez

The Trump administration announced Thursday that it has ended the major policy provisions of the Biden-era Property Appraisal and Valuation Equity (PAVE) task force, “effectively disbanding” a program that sought to eliminate racial bias in the appraisal process. The directive primarily applies to two rules. One required appraisers and mortgage lenders to comply with the

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Trade groups applaud Jonathan Gould’s confirmation to OCC

Bob Broeksmit, Cryptocurrency, HWmember, Mortgage, Mortgage Bankers Association, Office of the Comptroller of the Currency, Regulatory, Senate, Trump administration / Ricky Vasquez

On Thursday, the U.S. Senate confirmed Jonathan Gould as head of the Office of the Comptroller of the Currency (OCC) in a 50-45 vote. The confirmation marks another Trump administration appointee who supports more lenient oversight of the banking sector and a more welcoming stance toward cryptocurrency. Gould previously held roles at the OCC during

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Trump tariff extension leaves banks, Fed in limbo

Commercial banking, Economic news, Industry News, Tariffs, Trump administration / Ricky Vasquez

A Mediterranean Shipping Co. container ship under construction at the HD Hyundai Heavy Industries Co. shipyard in Ulsan, South Korea, on March 30, 2025.SeongJoon Cho/Bloomberg President Donald Trump’s sweeping tariff proposals have been put on hold for another month, giving banks and industries more time to brace for impact while also prolonging the uncertainty that

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Supreme Court ruling won’t directly impact CFPB case

Litigation, Politics and policy, Regulation and compliance, SCOTUS, Trump administration / Ricky Vasquez

Bloomberg News The Supreme Court’s ruling allowing President Trump to proceed with mass firings of federal employees does not directly affect the Consumer Financial Protection Bureau, according to the CFPB’s employee union, which is fighting workforce reductions at the agency in court. The CFPB’s union has a separate case pending before a panel of the

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Are seniors getting reduced Social Security or a tax break?

HWmember, Retirement, Reverse, Social Security, Social Security Administration, Tax, Trump administration / Ricky Vasquez

Up to 2 million Americans could see their Social Security payments reduced by 50% in late July as the Social Security Administration (SSA) is cutting payments to recoup the billions of dollars it overpaid to some Americans in recent years. In April, the SSA announced that it would begin recovering about $72 billion in improper

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The CFPB’s budget might be shrinking, but does that even matter?

CFPB, Compliance, Dodd-Frank, Federal Reserve, Housing Market, HWmember, Legislation, Regulatory, Trump administration / Ricky Vasquez

The Trump administration’s “Big Beautiful Bill” may contain many initiatives lauded by the housing industry, but if you’re a federal regulator — namely the Consumer Financial Protection Bureau (CFPB) — you might have a different take. The multitrillion-dollar bill, which was passed by the U.S. Senate on Tuesday but still awaits approval from the House

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CFPB drops Navy Federal’s million overdraft settlement

CFPB drops Navy Federal’s $95 million overdraft settlement

Litigation, Overdrafts, Regulation and compliance, Trump administration / Ricky Vasquez

Adobe Stock The Consumer Financial Protection Bureau has scrapped a $95 million settlement with Navy Federal Credit Union, freeing the nation’s largest credit union from paying a $15 million fine and from refunding $80 million to service members who were illegally overcharged overdraft fees. Acting CFPB Director Russell Vought on Monday terminated the consent order

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What’s in Trump’s ‘Big Beautiful Bill’ for seniors?

Congress, House of Representatives, HWmember, Legislation, Low-Income Housing Tax Credit, Reverse, Senate, Tax, Trump administration / Ricky Vasquez

President Donald Trump’s “Big Beautiful Bill” is headed back to the House for reconciliation after passing the Senate with a tiebreaking vote from Vice President JD Vance. The 1,116-page multitrillion-dollar bill contains some key changes for older Americans, including a senior bonus tax deduction that would offset taxes on Social Security. But the bill also

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PAVE task force 2.0? Senate Democrat introduces appraisal bias legislation

OCC drops disparate impact enforcement

Trump administration ‘effectively disbands’ the PAVE task force

Trade groups applaud Jonathan Gould’s confirmation to OCC

Trump tariff extension leaves banks, Fed in limbo

Supreme Court ruling won’t directly impact CFPB case

The CFPB’s budget might be shrinking, but does that even matter?

CFPB drops Navy Federal’s $95 million overdraft settlement

What’s in Trump’s ‘Big Beautiful Bill’ for seniors?

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