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Home | News | Government

Revised Financial CHOICE Act to Come Soon

Jeb Hensarling first introduced the Financial CHOICE act last summer, in response to the 2010 Dodd-Frank act. The president’s team has already indicated support of the Financial CHOICE Act, which, among other things, would modify aspects of Dodd-Frank and help to reform the Consumer Financial Protection Bureau.

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CFPB to Re-Examine Regulation

The qualified mortgage rule, a standard set up to make sure borrowers can repay their mortgages, as well as other mortgage servicing and home lending regulations are set to come up for review. The CFPB wants to “try to see what the real-world effects on the market” these regulations have.

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Financial Regulation in the Trump Era

With a new administration at the helm, everyone expects plenty of change to happen, particularly in financial regulation and the lending industry. Regulatory entities are already a high-priority focus for President Trump, most notably the Consumer Financial Protection Bureau.

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