New federal legislation introduced in the House and Senate would place a 36% annual percentage rate cap on nearly all consumer loans, potentially killing the small dollar consumer lending industry.
Last month, Congressmen...more
12/20/2019
/ Consumer Financial Products ,
Consumer Lenders ,
Consumer Loan Companies ,
Interest Rate Caps ,
Interest Rates ,
Military Lending Act ,
Military Service Members ,
Predatory Lending ,
Proposed Legislation ,
Truth in Lending Act (TILA) ,
Usury
Details of a final agreement among House and Senate Republicans emerged last week -- including rate cuts for “C” corporations, individuals and pass-through businesses. Here’s a summary of what the conferees have agreed to,...more
12/18/2017
/ Affordable Care Act ,
Alternative Minimum Tax ,
Business Taxes ,
Corporate Taxes ,
Income Taxes ,
Individual Mandate ,
International Tax Issues ,
Legislative Agendas ,
Local Taxes ,
Mortgage Interest ,
Pass-Through Entities ,
Proposed Legislation ,
R&D Tax Credits ,
State and Local Government ,
State Taxes ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Trump Administration
The United States governmental committee charged with reviewing foreign mergers and acquisitions with U.S.-based companies or affiliates for potential national security concerns may soon be getting a new set of teeth. The...more
On May 12, 2015, U.S. Senator Richard Shelby (R-Ala.), Chairman of the United States Senate Committee on Banking, Housing, and Urban Affairs, released the text of draft legislation intended to reform the regulatory framework...more
5/25/2015
/ Banks ,
Common Securitization Platform ,
Community Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Dodd-Frank ,
Fannie Mae ,
Federal Reserve ,
FHFA ,
Financial Institutions ,
Financial Stability Acts ,
Freddie Mac ,
FSOC ,
Mortgage Loan Originators ,
Proposed Legislation ,
Qualified Mortgage Rule ,
RESPA ,
Safe Harbors ,
TILA-RESPA Integrated Disclosure Rule (TRID) ,
Truth in Lending Act (TILA)