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Bill To Gut Consumer Financial Protection Bureau Heads To House Committee
Tuesday, April 25, 2017 - 2:09pm | 855Read More...If you’re among the 29 million consumers who got back a portion of the $11.8 billion in bad billings by your credit card company or lender, you’re probably happy that a thing called the Consumer Financial Protection Bureau was created by former President Barack Obama nearly six years...
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7 Things You Need To Know About Dodd-Frank's Potential Replacement
Thursday, April 20, 2017 - 1:19pm | 489Read More...The Financial Select Sector SPDR Fund (NYSE: XLF) is up 1.28 percent on Thursday after the House of Representatives unveiled a proposed Dodd-Frank Act replacement bill called the Financial Choice Act. The Dodd-Frank Act was passed in 2010 and intended to increase federal oversight of the U.S....
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Mnuchin Stays Vague On Fannie And Freddie In New Interviews
Thursday, February 23, 2017 - 11:06am | 514Read More...On Thursday morning, Treasury Secretary Steven Mnuchin had his first sit-down interviews with Fox Business (Twenty-First Century Fox Inc (NASDAQ: FOXA)) and CNBC since his confirmation. One of the hot-button topics that Mnuchin discussed is the fate of Federal National Mortgage Assctn Fnni Me (OTC...
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Why The Fate Of Fannie And Freddie Is Tied To Trump's Pick To Head The Treasury
Thursday, January 19, 2017 - 4:58pm | 612Read More...Shares of Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) are down more than 3 percent on Thursday following comments by President-elect Donald Trump’s Treasury Secretary nominee Steven Mnuchin. Mnuchin lit a fire under the two stocks back...
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Tea Party Town Runs Out of Water, Prays for Help
Tuesday, August 9, 2011 - 3:43pm | 489Read More...Dear Tea Party: This is why you have to collect taxes and spend money on infrastructure. The north Texas town of Kemp ran out of water this week, leaving its 1,133 residents without drinking water. "Right now our water towers have no water in them at all," said Kemp Mayor Donald Kile. "According...
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House Republicans Want To Get Rid Of Fannie & Freddie
Thursday, March 17, 2011 - 9:54am | 79Read More...House Republicans are introducing a bill today that will wind down Freddie Mac & Fannie Mae, to ween them off government support. In a 5 year time frame, the Republicans wants to shrink the company's portfolios to $700 billion, and then eventually $250 billion. The plan is to then put the...
