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Real estate and mortgage industry groups outspent proponents 3-to-1 to defeat Proposition 10, a measure to allow California municipalities to set local rent control laws.
November 7
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The head of the agency developing the special-purpose federal license said the process is moving forward “independent” of legal challenges mounted by state regulators.
November 7
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The passage of Proposition 111, which also prohibits lenders from adding origination and monthly maintenance fees, makes Colorado the fifth state to impose caps on payday loans through a voter referendum.
November 7
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The industry and its allies have their work cut out for them navigating the political standstill.
November 7
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The consortium is starting out with a dozen banks and could have 50 within a year.
November 7
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The payments and financial services industry has enjoyed an unprecedented wave of invention, but the fruits of that labor are threatened by an ideologically driven political climate that complicates the evolution of global interoperable mobile-driven commerce.
November 7
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The midterm elections virtually eliminate the chance that progress will be made on financial services legislation.
November 7
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The bank says a calculation error led it to deny help to distressed homeowners; a former U.S. deputy attorney general will help with in the 1MDB fraud scandal.
November 7
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The focus since the 2016 election on easing rules, tax cuts and expanding access to credit is about to be turned on its head.
November 6
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The presumptive chair of the House Financial Services Committee will likely take the panel in a sharply new direction and have a new bully pulpit to criticize the Trump administration.
November 6
