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After years of housing finance reform efforts languishing in Congress, a draft bill by Sens. Bob Corker, R-Tenn. and Mark Warner, D-Va., appears poised to become the catalyst for finally moving ahead on a way to overhaul Fannie Mae and Freddie Mac.
June 7 -
Sen. Elizabeth Warren, D-Mass., said the Federal Housing Finance Agency's objection to certain short sales designed to keep original borrowers in their homes is misguided.
June 7 -
Florida's attorney general has threatened to sue Bank of America for violating the national mortgage settlement.
June 7 -
A recap of the informed opinions (and the discussions they generated) on BankThink and AmericanBanker.com this week.
June 7
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Raj Date, the former deputy director of the Consumer Financial Protection Bureau, plans to work with banks to create cheaper short-term loans for cash-strapped customers, despite mounting regulatory scrutiny of the products.
June 7
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Rising rates can expose lurking dangers across the industry.
June 7
Ludwig Advisors -
Two operators of Liberty Reserve SA pleaded not guilty to U.S. charges that they helped run the largest money-laundering scheme in history.
June 7 -
The Federal Deposit Insurance Corp. exercised its powers to appoint itself the receiver to circumvent a judge's ruling that barred Nevada regulators from closing a tiny bank belonging to Capitol Bancorp.
June 6 -
A draft of the bill from Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., has begun circulating on Capitol Hill. The legislation would set up a new housing finance system and calls for the dissolution of Fannie Mae and Freddie Mac.
June 6
