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NAFCU: Bad actors should be CFPA’s focus
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NAFCU raised concerns with Senate Banking Committee leaders Tuesday regarding reports that the panel may be considering a proposed Consumer Financial Protection Agency that would have only limited if any authority over the unregulated entities that fueled the financial crisis.
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Geithner to testify on CDFIs, more today
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Treasury Secretary Tim Geithner is expected to discuss details of Treasury’s recent initiatives on community development financial institution capitalization, small business funding and more during a 2 p.m. hearing today before the House Appropriations Subcommittee on Financial Services.
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CRA raised in House Financial Services hearing
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Officials from Treasury and the Community Development Financial Institutions Fund told lawmakers Tuesday that banks’ Community Reinvestment Act requirements help encourage investment in CDFIs but stopped short of suggesting that the CRA should be expanded.
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CDFI Fund seeks comments on programs, goals
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The Community Development Financial Institutions Fund is taking comments until May 7 on a full range of issues and requirements related to the fund’s activities and statutory authorities.
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1 month until FHA raises its up-front MIP
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April 5 brings an increase in the up-front mortgage insurance premium to 2.25 percent for loans backed by the Federal Housing Administration, according to a reminder issued this week by FHA Commissioner David Stevens.
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